- Created: Friday, 26 August 2016 10:43
The attack on state education, initiated by the Labour Party’s smear on ‘bog standard’ local authority schools in 2001, has led to the massive plunder of public funds under the academies project. The budget of the Department for Education is shrinking in real terms, just like the BHS pension fund, but a stream of cash flows into the pockets of a few. While BHS boss Philip Green’s family received £307m in BHS dividends from 2002 to 2004, the pension fund of 11,000 current and 20,000 future retirees dried up. While school finances freeze, the rip-off merchants help themselves.
Ian Cleland, the chief executive of Academy Transformation Trust, which runs 21 schools in the Midlands and the east of England, receives an annual salary of £180,000 and expenses, which include joint insurance with his wife on a XJ Premier Luxury V6 Jaguar car (plus a £500 service and £402 for new tyres). In March of this year Cleland said the Trust was looking to save £500,000, and staff were required to reapply for their jobs: ‘The education sector is facing a number of significant financial challenges across the country with all schools, academies and multi-academy trusts being affected. As a result it is essential that we review our costs and consider where savings can be made, without impacting on the quality of education.’ (The Observer 24 July 2016)