Schools are reportedly considering three or four-day weeks to manage soaring energy bills and teacher pay rises.
Headteachers and academy trust leaders are having to think of ways to save costs as budgets come under increased pressure.
Schools are grappling with rocketing inflation and budget increases failing to keep up with soaring rates, which could surpass 15 per cent next year.
Teachers have also warned schools were on the brink of a “full-blown crisis” by having to foot the bill for the recent pay increase for teachers, as well as rising energy bills.
UK’s cost-of-living crisis could spark ‘Great Reshuffle’ as workers seek out better paid jobs
Soaring inflation could spark a “Great Reshuffle” in the UK’s job market as workers are increasingly prioritising higher salaries in seeking to manage rising living costs, a survey of 2,000 workers shows.
More than half (55 per cent) of UK workers are actively looking for jobs with a view to securing higher salaries due to the financial pressures posed by the UK’s cost-of-living crisis, the research by jobs website Reed shows.
Reed chairman James Reed said: “Due to runaway inflation currently at 9.4% and outstripping wage increases across many industries, millions will be on the move from this September onwards to secure a pay bump.
Hundreds of thousands of UK households ditch Amazon Prime
Almost 600,000 British households cancelled their Amazon Prime subscriptions ahead of a price rise as the cost of living crisis hits streaming companies.
The number of UK Prime customers fell by 590,000 in the second quarter of 2022 according to Ofcom, the industry watchdog, a drop of 5pc. Amazon announced an increase in its fee by £1 a month to £8.99 in July.
Can’t see them coming back either, when they realise they don’t really need it!
UK inflation hits 10.1% in July, a new 40-year high. Inflation is being forecast to jump further to 13%.
Gas & electricity bill for a business owner in the South of Italy (literally a few km away from my hometown)
– July 2021: EUR 120k
– July 2022: EUR 979k
In his own words: ''A holiday in July would have been more profitable than running my business with these input costs''
— Alf (@MacroAlf) August 17, 2022
US crude exports toward Europe reached a new all time high before the Russian ban from December
EU’s Trade deficit is widening at record pace pic.twitter.com/IfYueiLAV6
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) August 17, 2022
If you're wondering why EU gas is going to the moon. De Dutch are max bidding to fill the gas reserves as fast as possible. Currently 70%
— King Ben (@Kafuku_Ben) August 18, 2022