We are still waiting to hear what teacher pay rise will be awarded for 2024 and whether it will be fully funded. This means that school leaders will have had to set budgets based on their own estimate of what will happen to teacher pay from September, and teaching staff will have begun their summer holiday without clarity on what they will be paid from next year.
However, the government has promised a decision soon. Last week the new Education Secretary, Bridget Phillipson, said that there would be no decision on teacher pay before last Friday (the end of term for most schools). The Chancellor, Rachel Reeves, has since said that announcements on teacher pay will be made later this month.
There has also been recent speculation that the STRB had recommended a pay rise of around 5.5 per cent, which is significantly more than the 3 per cent budgeted-for by the new government. It is also much higher than the roughly 2 per cent rise that analysis by the previous government suggested would be affordable to schools, meaning that the government would need to find funding of at least £1 billion if they approved a 5.5 per cent rise.
We will keep you updated with developments via the HR Resources hub.
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