The «Educational Excellence Everywhere» white paper outlines that all schools» individual budgets will be set by the new national formula, instead of the current system of 152 localised formulae. (educationbusinessuk.net)
«An explicit national formula offers significant advantages, including simplicity, transparency and responsiveness of school funding. (politics.co.uk)
But former education secretary Nicky Morgan, when announcing proposals to bring in the new national formula, said it will be the «the biggest step towards fairer funding in over a decade — ensuring that pupils get funding that genuinely matches their need». (schoolsweek.co.uk)