 Since 2018, English schools have been funded through a national formula.The Institute for Fiscal Studies maintains real spending on schooling per pupil has dropped by 8% since 2010.In August 2019, it was announced that the budget for schools and high needs would be increased by 6% (£2.6 billion) in 2020–21, £4.8 billion in 2021-22 and £7.1 billion in 2022-23 respectively – plus an extra £1.5 billion per year to fund additional pensions costs for teachers.