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Cash-strapped schools are set to lose £2.5BILLION in a new funding crisis.

Data released by the Labour Party shows the full extent of the Government’s moves to slash education funding nationwide.

Analysis of the figures - which unions say reveals a fall in real terms spending - show the worst-hit region is the North West, where more than £415million will go from 2015 to 2020.

That equates to 2,134 teachers or 20,763,914 text books.

The South East loses almost £350million, while £331million will go in the West Midlands.

Labour’s research also shows all secondary schools in England face cuts except for 163 grammars, which got a £200million Autumn Statement boost.

Eighty per cent of the grammars are in Tory constituencies.

(Image: PA)

In a broadside aimed at Education Secretary Justine Greening, Labour’s Shadow Education Minister Angela Rayner said: “This is yet more damning evidence this Government is only looking out for a privileged few.

“Budgets are falling, class sizes are soaring, teachers are leaving in droves and the Tories are breaking their promise to increase funding for every pupil.

“Head teachers are in despair while the Government is in denial. Ministers have to act now if education isn’t going to plunge further into crisis.”

Labour’s analysis is based on trade union figures. The Tories had announced plans to boost cash to 11,000 schools.

But unions warn that even they would suffer from real-terms cuts.

Karen Leonard, of the GMB, said: “Education is in a funding crisis. This new analysis brings home the looming catastrophe.”

Stressed teachers and other school staff suffering from mental health issues have taken 1.2million days off sick since 2012, figures unearthed by the Lib-Dems revealed.

A Department for Education spokesperson said: “These figures are utter nonsense and it is simply incorrect to claim these areas are losing funding. In fact, under our proposals, each of these areas is set to receive increased funding on average.

“The government has protected the core schools budget in real terms since 2010, with school funding at its highest level on record at more than £40bn in 2016-17.

"We are delivering on the government’s manifesto commitment that the amount of money following a child into school will be protected and that as the number of pupils increase, so will the amount of money in our schools."