Academy school leaders in England face pay cap to curb ‘banker-style’ salaries
Summary
The UK government plans to limit the salaries of academy school leaders to a maximum of £174,000 to prevent very high executive pay paid by public funds. This change will require government approval for pay above this limit and restrict pay raises to levels similar to those given to teachers.Key Facts
- Nearly 100 academy school leaders in England currently earn over £200,000 a year.
- Only about 25% of the highest-paid academy executives are women.
- The government will introduce a salary cap of £174,000 for academy trust executives.
- Any pay above this cap will require government approval before being advertised.
- Future pay increases for academy executives will be limited to the same percentage increases teachers receive.
- Academy trust executive pay rules will become similar to those in the National Health Service (NHS) and further education colleges.
- The decision aims to make pay fairer for taxpayers and ensure money supports teaching rather than high salaries.
- Around 90% of England’s secondary schools are academies, but most pay less than the new cap.
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