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£78bn wage hit from pandemic lost learning
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£78bn wage hit from pandemic lost learning
Education recovery funding needs to quadruple to at least £13bn to prevent learning lost due to the pandemic from doing lasting damage, a report says.
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The Education Policy Institute suggests a minimum of £78bn in lifetime earnings will be lost by children who missed out on education in England.
It argues recovery schemes could be targeted better at the regions and the types of pupils who lost out the most.
The government said its catch-up plans would help millions of pupils by 2024.
It has set up a national tutoring scheme, recruited learning mentors and trainee teachers, and offered some extra money in the pupil premium to support the education of the very poorest pupils.
It said its packages of support were ambitious, effective and long-term.
The institute's report, Education Recovery and Resilience in England, says even under its most optimistic scenario, a 1% earning loss per pupil over a lifetime would equate to between £78bn and £154bn.
"Under our pessimistic scenario, that figure rises to £463bn in lost income," it adds.
Its analysis estimates lost lifetime earnings of between £8,0000 and £46,000 per pupil, across the 10 million children in England's education system, depending on the extent of the learning loss.
These figures only relate to salary loss, and do not include any effects on health, wellbeing and engagement with civic society.
"These long-term consequences highlight the need for an urgent and more ambitious recovery package from the government," it says.
"The sheer scale of the potential long-run costs without significant policy action (an absolute minimum of £78bn and potentially into the trillions) provides a rock-solid case for investment in the tens of billions if it can genuinely mitigate lost learning."