Commenting on a new IFS report on
  government spending on early years and childcare, funded by the
  Nuffield Foundation, Kevin Courtney, Joint General Secretary of the National
  Education Union,
  said:    
  "The findings from the IFS report
  published today will sadly come as no surprise to early years
  professionals and our members in Maintained Nursery Schools
  (MNS).   
  "Recent funding announcements were
  welcomed, but it was widely acknowledged at the time that these
  were too little too late and would not make up for long term
  underfunding in the sector nor the impact of the pandemic. 
  Existing financial pressures are now significantly worse due to
  rising costs.  As this report clearly outlines, real term
  funding levels will fall by 8% by 2024.  The only way MNS
  and other providers in the sector will be able to manage is to
  make further cuts.  However, our members are telling us that
  this is no longer an option as they have already made cuts to
  services and staff to stay open.  There is nothing left to
  cut.  Unless the government intervenes and announces more
  financial support for the sector in next week’s budget, it is our
  belief that further closures are
  inevitable.   
  "The government acknowledges that good
  quality early years education vastly improves future educational
  attainment and the life chances of those pupils and can
  significantly improve social mobility.  The NEU calls on the
  government to act.  The sector is crying out for more
  funding and support, including fully-funded pay rises which
  at least keep pace with inflation.  We need a
  fully-funded early years sector that provides every child
  access to good quality early years education. If the government
  fails to act appropriately, it will irrevocably harm the
  educational outcomes and life chances of millions of children
  across the country."