Schools receive extra money for pupils claiming free school meals, it’s currently £935 for secondary & £1320 for primary
Short thread on how DfE sneaked out a £250 million cut to school budgets in the middle of a pandemic and how it will impact the poorest and most vulnerable pupils
No publicity, no great public announcement as @educationgovuk cut £1/4 billion from its Pupil Premium budget
Schools receive extra money for pupils claiming free school meals, it’s currently £935 for secondary & £1320 for primary
This gives schools time to encourage FSM registration & check everything before the dataset is used
Then we had COVID
Despite the government’s furlough scheme & other support, we saw a huge increases in job insecurity and a rise in numbers claiming Universal credit
That’s an extra 200,000 pupils below the UC threshold & entitled to FSM
It seems highly likely the numbers continued to rise, especially with a 2 month lag between UC claims & eligibility
They’ve opened food banks, testing centres, provided laptops to vulnerable families, never closing
@educationgovuk announced they would calculate PP using the October census data rather than January’s
Whereas previously PP would have been triggered in January
This deprives schools of around £250,000,000 in extra funding, hitting the poorest communities the hardest
Of course that’s utter claptrap
https://t.co/MsAlsVsw9M
They could have given notice of the change, used this Januarys data and then gone to October next year
@GavinWilliamson saved himself £1/4 billion by taking PP away from thousands of vulnerable children
@educationgovuk didn’t give any notice, it was simply imposed
Schools will know FSM numbers & will budget accordingly, they will have spent money expecting to receive PP
Again it’s the poorest hit hardest
Just imagine if @educationgovuk had been ADDING an extra £250 million to school budgets rather than taking it away
We’d see announcement after announcement, @GavinWilliamson doing the rounds of every TV studio, whimpering on about helping disadvantaged pupils
More from Finance
Last week Hizbollah's finance institution Al Qard el Hasan was hacked by Spiderz. A group of people took that Data and tried to make sense out of it. Below are the findings
https://t.co/eGLqvb28o5
Loans are provided to borrowers for gold deposits or other guarantees, to the association's members and to unsecured applicants.
AQAH had a carried forward loan balance of $450 million as of December 31, 2019. This balance has been increasing at a yearly rate of 13.4%.
AQAH laundered around $475 million in 2019 in the form of disbursed loans paid to more than 20,000 borrower accounts; mostly to borrowers with gold deposits.
Deposits accounts have been offered to 307,000 members of the association, 83,000 contributors as well as to 600 companies. AQAH closed 2019 with an overall depositors accounts balance of around $500 million.
https://t.co/eGLqvb28o5
Loans are provided to borrowers for gold deposits or other guarantees, to the association's members and to unsecured applicants.
AQAH had a carried forward loan balance of $450 million as of December 31, 2019. This balance has been increasing at a yearly rate of 13.4%.
AQAH laundered around $475 million in 2019 in the form of disbursed loans paid to more than 20,000 borrower accounts; mostly to borrowers with gold deposits.
Deposits accounts have been offered to 307,000 members of the association, 83,000 contributors as well as to 600 companies. AQAH closed 2019 with an overall depositors accounts balance of around $500 million.