COUNCILS SPEND 8% OF SCHOOL BUDGET PAYING LABOUR’S DEBTS
Schools across Scotland continue to count the cost of Labour’s toxic PFI legacy – which will see councils spend nearly 10% of their school budgets servicing the debts that Labour left behind over a decade ago.
New research into the toxic PFI legacy which continues to plague Scotland’s public finances shows that of the total spend on schools across Scotland by councils this year, 8% of that money will be used paying off Labour’s debts from their time in government.
The analysis by independent researchers in SPICe has found that PFI unitary charges for Scotland’s schools in 2018/19 are estimated to be £434.3 million – a significant amount of Scottish schools’ total resource budget of £5.159 billion – a “shameful legacy” of Labour’s years in power at Holyrood. In 2016/17, total PFI repayments cost Scotland over £1 billion.
Commenting, SNP MSP Sandra White said:
“Labour’s toxic PFI legacy means that tax payers continue to pay the price for their decade-old debts.
“The Labour Party will cost our schools £434.3 million this year alone. In Glasgow the yearly cost to this city is £54.3 million, to put that in to perspective it’s over ten percent of the entire schools budget.
“Education is at the forefront of this Government’s priorities, yet vital funds that councils could use to pay for teachers, books and facilities are being used to pay for Labour’s mistakes.
“Thanks to the Labour Party the reality is we will continue to pay for their mistakes for years to come.”