A WEBSITE has been set up to help headteachers manage school finances.

School Standards Minister David Miliband has launched website: www.teachernet.gov.uk/school finance, which will help heads plan their budgets and enable them to compare their income and expenditure with schools in similar circumstances. The site, has been developed in partnership with the independent schools inspectorate (Ofsted) and the Audit Commission.

All data contained in the website is anonymous so individual schools cannot be identified. However the website does give schools the option to be contacted and engage in dialogue with other schools if they so wish.