47% of trusts raid their reserves to meet rising costs
Almost half of MATs had to dip into their reserves after racking up deficits – as auditors warn trusts are “one bad year away from financial difficulties”.
Source: schoolsweek.co.uk
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Almost half of MATs had to dip into their reserves after racking up deficits – as auditors warn trusts are “one bad year away from financial difficulties”.
Trusts say costs, such as teacher pay and energy bills, increasing faster than funding
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