For the past few years there have been decreases in the average real per-pupil funding for secondary schools (Belfield, Farquharson and Sibieta, 2018). One possible impact of these cuts is a reduction in the number of different subjects or qualifications offered by schools. The main aim of this research was to investigate whether there was empirical evidence of a relationship between falls in per-pupil funding and schools reducing their subject offer. More specifically, the aim was to investigate whether those schools that had suffered the most severe reductions in funding were more likely to stop offering subjects than others and, if so, to discover which subjects were most likely to be dropped.