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Labour and Lib Dems promise billions of pounds for schools

Labour and the Liberal Democrats have promised to reverse the cuts to schools' budgets and increase funding as part of their election pledges.

The Labour leader Jeremy Corbyn has today (10 May) announced plans to stop the cuts to school budgets with a real term increase in funding. On a campaign visit to a college in Leeds, he pledged £5.66 billion in additional annual funding for UK schools by the end of parliament, funded by a hike in corporation tax.

Under the party’s plans, school class sizes would be reduced to under 30 for all five-, six- and seven-year-olds, with funding made available to ensure schools have the number of places they need and that buildings are ‘up to standard’.

Labour has previously pledged to give free school meals to all primary age children, funded by levying VAT on private school fees.

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