The cuts will really kick in. There will be job losses in most Local Authorities, with many LA education departments essentially disappearing. In most schools, class sizes will go up and there will be significant job losses over time. The vast majority of extra-curricular activities will be axed. Poorer children will be disproportionately affected because their parents won't be able to pay for things like music lessons, sports' activities, art classes and so on. The pupil premium will not change this; indeed the pupil premium will probably have little or no effect. School buildings and the general infra-structure of education will fall into disrepair, with leaking roofs, faulty equipment, dilapidated classrooms becoming more and more of an issue.
Curriculum changes will demoralise teachers, bamboozle parents, and add even more stress to students, offering very little comfort for 'non-academic' children. The reading test for 5-year-olds seems particularly pernicious; at a time when we are increasingly seeing how destructive tests are upon young children's self-esteem, this test seems like madness. Changes to the league tables will cast many secondary schools -- including quite a few Academies -- in a deliberately poor light, making Gove's claim that many schools are "broken" have more weight. Of course, this will be very unfair since the changes to the league tables, particularly the 'English Baccalaureate' idea of assessing schools on GCSE grades in English, Maths, Science, a Humanities, and Modern Foreign Languages, will have been introduced retrospectively. Many schools have been doing other perfectly worthwhile qualifications with their students which are now deemed "sub-standard" by the current government.
Chaos will reign supreme with regards to the training of teachers. University-based teacher training will be severely cut back but will not be replaced with anything that's coherent or thought-through.
Schools opting for Academy status will get more money, but will it be short-term gain, long-term pain? In the end they'll have to buy in the services that their LA currently provides for them. There will also considerable problems attaining Academy status in time to "redress" this year's cuts because the DfE is not very well staffed itself.
The free schools movement will be small, but divisive. We've already had evidence that many parents resent the setting up of schools which drain resources and pupils away from existing state schools.