Half of academy trusts could be in deficit in two years
Summary
More than half of academy trusts in England could fall into deficit within two years without additional financial support, a new analysis suggests.
The Confederation of School Trusts (CST) said higher-than-expected, unfunded pay offers for staff, spiralling energy costs and inflation had led to huge budget blackholes.
As a result, trusts are already looking to make cuts including reducing curriculums, increasing class sizes and closing specialist facilities in specialist and alternative provision (AP) schools.