Henry Stewart: Academies: Where Did The £1 Billion Go?
When the National Audit Office revealed the £1 billion overspend on academies, many assumed this was caused by the incentives paid to individual schools to convert. At the Public Accounts Committee Margaret Hodge noted (p28) that 78% of schools that converted did so because of the extra money available and quoted Christopher Cook's analysis in the Financial Times, which found ... read more and comment →
Latest comment by Tubby Isaacs: "Not convinced by all of that. Not least because the DfE didn't say it, but muttered something about underspends elsewhere. Which LEA schools have no insurance? Isn't it compulsory? And even if there really are these unfunded liabilities, that's not how ......"Comment + Debate