Cuts loom after decade-long surge in education spending
Education spending rose by 12% between 2008 and 2010, and from below OECD average to above average in decade.
Cuts of up to £2bn from the education budget in Wednesday's spending review would wipe out the UK's decade-long rise up international league tables for investment in education, according to data published by the OECD.
The Paris-based club of industrialised nations found that the UK's level of public spending on education weathered the worst of the financial storms and subsequent recession, outstripping that of the US and major European rivals even as overall spending growth slowed.
Government spending grew by 3% between 2008 and 2010, when the financial crisis took hold, while spending on education alone shot up by 12% – the third largest increase among OECD countries.
But that improvement could be reversed if the mooted cuts of £2bn from education and a further £1bn from the Department for Business, Innovation and Skills budgets come to pass when the government's spending review is unveiled by George Osborne on Wednesday.
Read more... (The Guardian - 25 June)