Rishi Sunak facing questions over schools funding – as Tories mocked over concrete crisis ad
Just four schools have been rebuilt under a government programme which Rishi Sunak said would cover 50 a year.
The figures were confirmed to Sky News as the prime minister continued to face questions over funding for England’s crumbing schools, while the education secretary is being mocked over a graphic that sought to allay fears over the crisis which has led to huge disruption at the start of the new term.
Gillian Keegan, who was yesterday forced to apologise for a sweary outburst on the matter, tweeted an image saying “most schools are unaffected” by reinforced autoclaved aerated concrete (RAAC).
Politics live: Keegan faces more mockery after social media post
Labour was quick to post a spoof saying “most beachgoers not eaten by big shark”, in reference to the stance of the mayor in the movie Jaws.
The unsafe concrete has forced the full or partial closure of over 100 schools in England this week due to fears it could collapse.
The government is coming under pressure over its handling of the issue with critics blaming historic underinvestment into school infrastructure.
Sky News has learnt that a “massive” school rebuilding programme launched in 2020 to rebuild 500 schools within a decade has taken off to a slow start.
The plan was for schools to be rebuilt and refurbished at a pace of around 50 a year, but the Department for Education confirmed that just four schools have been completed since the first round of applications was launched in 2021.
Officials insist the programme is on track, and that they are still confident of “ramping up” to an average of 50 per year.
A report by the National Audit Office, which scrutinises government spending, in June warned that there were concerns about the schools programme.
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What is the concrete crisis?
They said by March of this year the department had awarded just 24 contracts against a forecast of 83, due to “instability in the construction sector and inflationary risks”.
But a Downing Street spokesperson said while just four had been solely rebuilt, refurbishments were underway in many other schools.
And a spokesperson for the DfE said: “We have committed to rebuilding 500 schools under the Schools Rebuilding programme between 2020 and 2030 and are on track to deliver that commitment.
“Awarding contracts and establishing projects takes time but we have made rapid progress and are exceeding delivery timescales compared to the previous Priority School Building Programme, while delivering schools that will be net zero in operation. The Infrastructure and Project Authority has also highlighted the strength of the SRP’s progress.”
Sunak ‘gave less funding than requested’ for crumbling schools
Damage inside Parks Primary School in Leicester which has been affected by reinforced autoclaved aerated concrete (RAAC)
It came as schools minister Nick Gibb admitted that his department had bid for 200 schools a year to be rebuilt, in a case made to the Treasury two years ago.
But Mr Sunak, who was chancellor at the time, approved just 50 – despite the senior civil servant in the department, Jonathan Slater, warning of a “critical risk to life”.
Mr Gibb sought to defend the prime minister, telling Sky News it was “simply not true” to say he oversaw budget cuts and that 50 a year was in line with previous austerity years.
He said: “We put in a bid for 200, but what Rishi agreed to was to continue the rebuilding programme with 50 a year, consistent with what we’d been doing since we came into office.
“We put in a bid for 200, but of course, the Treasury then has to compare that with all the other priorities from right across Whitehall, from the health service, defence, and so on.”
Labour’s Jonathan Ashworth, who was made shadow paymaster general in Monday’s reshuffle, said it was “the most startling fact of the day”.
He told Sky News: “You’ve got the schools minister to admit that they asked for more investment to fix schools and Rishi Sunak’s cut it back, so the buck stops with him. Schools have had to close and roofs are being held up with steel girders.”
Read more:
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Keegan compared to Thick Of It character – but is that fair?
Mr Sunak has also insisted it is “completely and utterly wrong” to accuse him of overseeing budget cuts.
He said one of the first things he did as chancellor was to announce the rebuilding programme, under which he said “about 50 schools a year… will be refurbished or rebuilt”.
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Education Sec watches the moment she was caught on camera swearing
However, criticism of the government’s strategy has continued after Ms Keegan was caught on camera bemoaning a lack of thanks for doing a “f***ing good job” and claiming others had “been sat on their arses”.
She apologised and went on to admit to being on holiday in Spain in the run-up to ordering more than 100 schools and colleges in England to make complete or partial closures.
Ministers have said that hundreds more schools may be impacted by RAAC – which was widely used in buildings from the 1950s to the mid-1990s.
There have been warnings about the material for many years, but the government said “new evidence” emerged over the summer about the dangers it poses – prompting them to order schools to close areas where it is present.
Satoshi Nakamoto, the pseudonymous creator of Bitcoin, marks their 50th birthday amid a year of rising institutional and geopolitical adoption of the world’s first cryptocurrency.
The identity of Nakamoto remains one of the biggest mysteries in crypto, with speculation ranging from cryptographers like Adam Back and Nick Szabo to broader theories involving government intelligence agencies.
While Nakamoto’s identity remains anonymous, the Bitcoin (BTC) creator is believed to have turned 50 on April 5 based on details shared in the past.
According to archived data from his P2P Foundation profile, Nakamoto once claimed to be a 37-year-old man living in Japan and listed his birthdate as April 5, 1975.
Source: Web.archive.org
Nakamoto’s anonymity has played a vital role in maintaining the decentralized nature of the Bitcoin network, which has no central authority or leadership.
The Bitcoin wallet associated with Nakamoto, which holds over 1 million BTC, has laid dormant for more than 16 years despite BTC rising from $0 to an all-time high above $109,000 in January.
Satoshi Nakamoto statue in Lugano, Switzerland. Source: Cointelegraph
Nakamoto’s 50th birthday comes nearly a month after US President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, marking the first major step toward integrating Bitcoin into the US financial system.
Related: Bitcoin at 16: From experiment to trillion-dollar asset
Nakamoto’s legacy: a “cornerstone of economic sovereignty”
“At 50, Nakamoto’s legacy is no longer just code; it’s a cornerstone of economic sovereignty,” according to Anndy Lian, author and intergovernmental blockchain expert.
“Bitcoin’s reserve status signals trust in its scarcity and resilience,” Lian told Cointelegraph, adding:
“What’s fascinating is the timing. Fifty feels symbolic — half a century of life, mirrored by Bitcoin’s journey from a white paper to a trillion-dollar asset. Nakamoto’s vision of trustless, peer-to-peer money has outgrown its cypherpunk roots, entering the halls of power.”
However, lingering questions about Nakamoto remain unanswered, including whether they still hold the keys to their wallet, which is “a fortune now tied to US policy,” Lian said.
Related: Bitcoin’s next catalyst: End of $36T US debt ceiling suspension
Is Satoshi Nakamoto wealthier than Bill Gates?
In February, Arkham Intelligence published findings that attribute 1.096 million BTC — then valued at more than $108 billion — to Nakamoto. That would place him above Microsoft co-founder Bill Gates on the global wealth rankings, according to data shared by Coinbase director Conor Grogan.
Satoshi’s new addresses. Source: Conor Grogan
If accurate, this would make Nakamoto the world’s 16th richest person.
Despite the growing interest in Nakamoto’s identity and holdings, his early decision to remain anonymous and inactive has helped preserve Bitcoin’s decentralized ethos — a principle that continues to define the cryptocurrency to this day.
Magazine: 10 crypto theories that missed as badly as ‘Peter Todd is Satoshi’
The United States stock market lost more in value over the April 4 trading day than the entire cryptocurrency market is worth, as fears over US President Donald Trump’s tariffs continue to ramp up.
On April 4, the US stock market lost $3.25 trillion — around $570 billion more than the entire crypto market’s $2.68 trillion valuation at the time of publication.
Nasdaq 100 is now “in a bear market”
Among the Magnificent-7 stocks, Tesla (TSLA) led the losses on the day with a 10.42% drop, followed by Nvidia (NVDA) down 7.36% and Apple (AAPL) falling 7.29%, according to TradingView data.
The significant decline across the board signals that the Nasdaq 100 is now “in a bear market” after falling 6% across the trading day, trading resource account The Kobeissi Letter said in an April 4 X post. This is the largest daily decline since March 16, 2020.
“US stocks have now erased a massive -$11 TRILLION since February 19 with recession odds ABOVE 60%,” it added. The Kobessi Letter said Trump’s April 2 tariff announcement was “historic” and if the tariffs continue, a recession will be “impossible to avoid.”
Source: Anthony Scaramucci
On April 2, Trump signed an executive order establishing reciprocal tariffs on trading partners and a 10% baseline tariff on all imports from all countries.
Trump said the reciprocal tariffs will be roughly half the rate US trading partners impose on American goods.
Related: Bitcoin bulls defend $80K support as ‘World War 3 of trade wars’ crushes US stocks
Meanwhile, the crypto industry has pointed out that while the stock market continues to decline, Bitcoin (BTC) remains stronger than most expected.
Crypto trader Plan Markus pointed out in an April 4 X post that while the entire stock market “is tanking,” Bitcoin is holding.
Source: Jeff Dorman
Even some crypto skeptics have pointed out the contrast between Bitcoin’s performance and the US stock market during the recent period of macro uncertainty.
Stock market commentator Dividend Hero told his 203,200 X followers that he has “hated on Bitcoin in the past, but seeing it not tank while the stock market does is very interesting to me.”
Meanwhile, technical trader Urkel said Bitcoin “doesn’t appear to care one bit about tariff wars and markets tanking.” Bitcoin is trading at $83,749 at the time of publication, down 0.16% over the past seven days, according to CoinMarketCap data.
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