Hunt, who was appointed as Chancellor last month amid the fallout from his predecessor Kwasi Kwarteng’s mini-budget, told the House of Commons that the Conservative Party’s aim is to “tackle the cost-of-living crisis and rebuild our economy”.
“Our priorities are stability, growth and public services,” he said, vowing to “protect the vulnerable”.
His statement says: “The core schools budget in England will receive £2.3bn of additional funding in each of 2023/24 and 2024/25, enabling schools to continue to invest in high quality teaching and to target additional support to the children who need it most.”
It also pledges funding of £1.3bn in 2023/24 and £1.9bn in 2024/25 to be distributed to local authorities through the Social Care Grant for adult and children’s social care.
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