This won't be a long post. I would urge you all to read this story
and also this report
from the DFE on what was going on at the Priory Academy Trust in Lincolnshire. I understand from local parents that the government was reluctant to release the report, and I can see why given the appalling misuse of public money by the Trust's CEO and his family , but the local outcry made publication inevitable.
We have been asking for some time for more transparency about academy schools' funding and budgets. I am willing to bet this won't be the only story in this vein but the government should act swiftly now to say how much money per pupil academies receive and explain how the new Education Funding Agency can possibly hold thousands of schools to account for how they spend that money.