The alternative looks like home education but that's not really a solution in my eyes.
A lot of SEN parents have to homeschool due to delays in being given a placement, but that doesn't stop parents requesting a personal budget (rightly so, in my opinion, though still hard to get), and still significantly impacts the amount of paid work a home educating parent can access. Then that sinks families further into poverty.
Electively home educated children, particularly those who's families didn't have much of a choice in that decision won't have access to tailored and trained resources to the same level as children who are supported and have acquired placements.
We are awaiting a named specialist, currently going through the appeals process, and it's crossed my mind quite a few times, but I know that despite the barriers my son faces, he is an extremely bright little boy and just needs to be given the right opportunities, yet I'm not qualified or educated in providing that education in a way that meets his learning style, and having different settings is important as he can't enter a learning mode at home and requires the distinction.
If I were a working parent, and I had to leave my job to fulfill this, there would be less money going back into the economy, locally and nationally.
My son would receive a poorer education than he would in a setting meaning he is also less likely to contribute financially to society when he is an adult and will further rely on the state, costing the taxpayer more money.
Being funded into a specialist setting is an investment in his future.
There are children who will never work in these settings and that's also OK, because their value isn't what economical reinvestment back into society they bring, but they equally deserve the opportunities to learn in their own way. I'm only saying this as I've had discussions with people who have said "well if they don't have the capacity to learn why are we spending money sending them to school" as a sort of gotcha card to defend the rescinding of SEN funding. I've not seen it posted here, but thought I'd bring it into the discussion as those who can't speak for themselves also deserve a voice.
There's no clean solution at all. It is a million fiery hoops to jump through to even get to the point of being considered for SEN funding for your child. It isn't an easy process by any stretch. Reducing access to SEN provision is certainly not the way to stimulate the economy.
ETA: spoke to soon. Didn't RTFT, sigh, what a disappointment.