Labour shakes magic money tree again and finds £500m to fully fund teachers' 3.5pc pay rise to appease union and avert walk-outs

Labour shakes magic money tree again and finds £500m to fully fund teachers' 3.5pc pay rise to appease union and avert walk-outs

The Education Secretary has backtracked on a previous Labour decision not to fully fund the increase, which is 3.5 per cent this year and 3 per cent next year.