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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 Naseby Lord Naseby Conservative 2:45 pm, 3rd March 2015

Is it not enormously sensible for the governors of our academies to hold reserves at the end of a Parliament, when they have no idea what the policy may be in the future? We also have low inflation at this time, and I imagine that a fair number of them are preparing for capital works based on their reserves.