LABOUR now spends a smaller proportion of the national wealth on education than when it came to power, according to Government figures. This year's spending on education will add up to just pound;31.5 billion, or 4.6 per cent of gross domestic product. It reached a peak of 5.2 per cent in 1993 and has fallen steadily since then. The Government's "extra pound;19 billion" for education should raise spending to five per cent of GDP by 2002.
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