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Schools’ emergency funds keep £76m that is destined for pupils

icWales (Free subscription) | 18/11/2008

... 47 secondaries and five special schools in Wales had negative reserves or deficits totalling £8m.Geraint Davies, Welsh secretary of the National Association of Schoolmasters and Union of Women Teachers (NASUWT), said money is given to schools to be spent on pupils.He added that although it is always necessary to leave some money aside for emergencies, too much financial caution is...