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Schools: Academies — Question

Part of the debate – in the House of Lords at 2:45 pm on 3rd March 2015.

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Photo of Lord Nash Lord Nash The Parliamentary Under-Secretary of State for Education 2:45 pm, 3rd March 2015

As I already said, we regard the cash management of academies to be very prudent. We see no reason why efficiently run schools should not be involved in careful financial planning. It may well be that the Labour Party would like to run the school estate like they ran the economy—borrow, borrow, borrow and nearly go bust. We do not think that that is a sensible approach and we do not think that we should penalise successful schools.