Ӱ

Skip to content

Exclusive

Struggling schools racked up £5m bank bill amid finance woes

Experts warn of ‘worrying’ pressures as Barnet council says 25 schools owed over £200k on average
3 min read
|

Listen to this story

Members can listen to an AI-generated audio version of this article.

1.0x

Audio narration uses an AI-generated voice.

0:00 0:00

Twenty-five struggling schools in a London borough racked up over £5 million in overdraft bills, it has emerged.

blamed an “administrative error” by NatWest for the issue, which left those affected facing average repayment charges of more than £200,000 each. However, the bank disputed the claim.

Experts have warned the discovery could be a “worrying indication of the fiscal pressure many small schools” are having to endure.

Become a member for unlimited access to Schools Week

subscribe

Our members enjoy early access to exclusive content and in-depth articles before anyone else. Get expert journalism, experience fewer ads, and unlock a growing range of member benefits.

Share

Explore more on these topics

No Comments

Featured jobs from FE Week jobs / Schools Week jobs

Browse more news