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| Spending Review: School funding to be overhauled | Spending Review: School funding to be overhauled |
| (about 1 hour later) | |
| The funding of schools in England will be overhauled to remove big regional differences in levels of per pupil funding, George Osborne has confirmed. | The funding of schools in England will be overhauled to remove big regional differences in levels of per pupil funding, George Osborne has confirmed. |
| The chancellor said education was the "door to opportunity" and announced a new national funding formula from 2017. | The chancellor said education was the "door to opportunity" and announced a new national funding formula from 2017. |
| Mr Osborne also gave details of an employers' levy for apprenticeships, which would raise £3bn. | Mr Osborne also gave details of an employers' levy for apprenticeships, which would raise £3bn. |
| But the National Union of Teachers warned that despite removing anomalies, schools would still face funding cuts. | But the National Union of Teachers warned that despite removing anomalies, schools would still face funding cuts. |
| Spending review for education and family | Spending review for education and family |
| The changes to the allocation of school funding will set a national rate for each pupil, with extra funding for those with additional needs. | The changes to the allocation of school funding will set a national rate for each pupil, with extra funding for those with additional needs. |
| It is an attempt to address the substantial differences in funding levels that had developed, with some parts of the country receiving much lower levels. | It is an attempt to address the substantial differences in funding levels that had developed, with some parts of the country receiving much lower levels. |
| Graham Stuart, former chair of the education select committee, has been campaigning for this change and said "in principle this represents a huge step forward". | Graham Stuart, former chair of the education select committee, has been campaigning for this change and said "in principle this represents a huge step forward". |
| Teachers' unions said that despite redistributions of funding, the overall national picture remained a forecast fall of 8% in real-terms school budgets. | Teachers' unions said that despite redistributions of funding, the overall national picture remained a forecast fall of 8% in real-terms school budgets. |
| The reallocation could mean a big loss of funding for London boroughs, said the NUT. | The reallocation could mean a big loss of funding for London boroughs, said the NUT. |
| "There are no winners and losers under the government's funding proposals - there are only losers and even bigger losers," said the NUT's Kevin Courtney. | "There are no winners and losers under the government's funding proposals - there are only losers and even bigger losers," said the NUT's Kevin Courtney. |
| The total financial support for education and childcare is to increase by £10bn over the next five years. | The total financial support for education and childcare is to increase by £10bn over the next five years. |
| Mr Osborne gave details of an employers' levy to fund apprenticeships. He said it would be 0.5% of the wage bill and would raise £3bn per year, but would only apply to bigger employers. | Mr Osborne gave details of an employers' levy to fund apprenticeships. He said it would be 0.5% of the wage bill and would raise £3bn per year, but would only apply to bigger employers. |
| He confirmed the proposals for 30 hours of free childcare for three- and four-year-olds, but with a threshold of parents working at least 16 hours per week and earning less than £100,000. | He confirmed the proposals for 30 hours of free childcare for three- and four-year-olds, but with a threshold of parents working at least 16 hours per week and earning less than £100,000. |
| The chancellor said 250,000 students would benefit from extra loans - for tuition fees for students studying for higher level skills in further education, part-time students and postgraduates. These loans would be worth £1bn by 2019-20. | The chancellor said 250,000 students would benefit from extra loans - for tuition fees for students studying for higher level skills in further education, part-time students and postgraduates. These loans would be worth £1bn by 2019-20. |
| Mr Osborne said there would be no cuts to "core adult skills funding for further education colleges - we will instead protect it in cash terms". | Mr Osborne said there would be no cuts to "core adult skills funding for further education colleges - we will instead protect it in cash terms". |
| Although a statement from the Department for Business, Innovation and Skills announced "£360m of efficiencies and savings from adult skills budget". | Although a statement from the Department for Business, Innovation and Skills announced "£360m of efficiencies and savings from adult skills budget". |
| Martin Doel of the Association of Colleges said the spending review would be a "huge relief for further education and sixth form colleges following five years of stringent budget cuts". | Martin Doel of the Association of Colleges said the spending review would be a "huge relief for further education and sixth form colleges following five years of stringent budget cuts". |
| Sixth-form colleges would become eligible for academy status, added Mr Osborne, which would affect about 100 colleges. | Sixth-form colleges would become eligible for academy status, added Mr Osborne, which would affect about 100 colleges. |
| In higher education, the student opportunity fund, used to recruit and retain poorer students, is to be halved, as part of a £120m cut in the teaching grant by 2019-20. | In higher education, the student opportunity fund, used to recruit and retain poorer students, is to be halved, as part of a £120m cut in the teaching grant by 2019-20. |
| The threshold for the repayment of student loans, for those who will pay back the £9,000 per year fees, has been fixed until 2021. | The threshold for the repayment of student loans, for those who will pay back the £9,000 per year fees, has been fixed until 2021. |
| Martin Lewis, founder of MoneySavingExpert.com and former head of the Independent Task Force on student finance information, described it as a "disgraceful move and a breach of trust by the government that betrays a generation of students". | |
| The review confirms that maintenance grants will become loans - saving £2bn per year - and the Department for Business, Innovation and Skills says university income will rise by £2.3bn with increased numbers of students, including from overseas. | The review confirms that maintenance grants will become loans - saving £2bn per year - and the Department for Business, Innovation and Skills says university income will rise by £2.3bn with increased numbers of students, including from overseas. |
| Nick Hillman, director of the Higher Education Policy Institute, said: "The Spending Review could have been worse for universities and students than it has turned out to be. | Nick Hillman, director of the Higher Education Policy Institute, said: "The Spending Review could have been worse for universities and students than it has turned out to be. |
| "The improvements to postgraduate loans, the new support for part-time students and the protection of research spending are all welcome and better than many people feared." | "The improvements to postgraduate loans, the new support for part-time students and the protection of research spending are all welcome and better than many people feared." |
| But Chris Keates, leader of the Nasuwt teachers' union, said: "We have heard it all before about guaranteeing to protect the schools budget. As ever, the devil will be in the detail." | But Chris Keates, leader of the Nasuwt teachers' union, said: "We have heard it all before about guaranteeing to protect the schools budget. As ever, the devil will be in the detail." |
| Presented by Chancellor George Osborne, the Spending Review sets out what government spending will be over the next four years, while the Autumn Statement is an annual update of government plans for the economy. | Presented by Chancellor George Osborne, the Spending Review sets out what government spending will be over the next four years, while the Autumn Statement is an annual update of government plans for the economy. |
| Explained: Which government departments will be affected? | Explained: Which government departments will be affected? |
| Analysis: From BBC political editor Laura Kuenssberg | Analysis: From BBC political editor Laura Kuenssberg |
| Special report: Full in-depth coverage of the Spending Review and Autumn Statement | Special report: Full in-depth coverage of the Spending Review and Autumn Statement |