ABSTRACT
The Hadow Report, 1926, advocated the reorganization of education in England and Wales into primary and secondary. The Education Reform Act of 1988 gave the Secretary of State powers to phase in Local Financial Management to all secondary schools. While this innovation has given some headteachers concern. There are many who welcome the innovation, always provided they can be given the necessary ancillary support staff to enable them to be managers of the budget and not highly overpaid bursars. There have been pilot schemes in a number of the local education authority (LEAs) for some years, particularly those with community schools and colleges. One word more than any other sums up the prevailing climate in secondary education: accountability. Increasingly secondary schools are faced with the problem of teasing out the various levels of accountability. The Education Reform Act of 1988 also gave the Secretary of State powers to phase in Local Financial Management to all secondary schools.
