We certainly believe that, as I have just said, a modest surplus year on year makes sound financial sense. In the Bromley authority, in the area that the hon. Gentleman represents, the net revenue balance was relatively modest, and I am sure his head teachers are doing a good job and enjoying spending the increased capital money to invest in their pupils, which has increased from £1.66 million 10 years ago to an allocation of £576 million in 2011. That reinforces the point that if schools continue to build up excessive surplus balances, they need to be dealt with so that the money can be spent on current pupils. However, we have now given schools good notice—at least a couple of years—of the need to get their act together, to work with local authorities and to reduce excessive balances, while maintaining a prudent surplus.
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