More money?

More money?

“There is more money going into our schools in this country than ever before”

This is true.

As Chris Belfield, research economist at the Institute for Fiscal Studies, points out: “inflation and increasing student numbers means that total cash terms spending is higher than ever before.”

Take note of the phrase “cash terms”. It means we’re not talking in “real terms”, which would account for inflation. This distinction will come in handy later…