You won’t be surprised to learn that I don’t pretend to know the finer points of property law!
However, I do understand that, before the general election,
councils in England held the title deeds to schools and land valued at over
Sadly, as far as I can tell, the government’s proposals
for Academy Schools will have depressing and far-reaching (and probably
irreversible) implications for education:
1. When a school becomes an academy, the title deeds of the school and the land
are transferred to a private company
2. The government borrows £25,000 to pay the legal fees
for the private companies to ensure the title deeds are transferred from the
council (ie. us, the taxpayers who paid to build the schools) to these private
3. To date, it seems that £1billion of title deeds for academy schools have
been transferred from councils/taxpayers to private companies (high of it for
legal fees alone).
It seems that Academy Schools are not primarily about education
- they are about asset-stripping (with the directors and shareholders of the
sponsoring private companies being the beneficiaries). I’ve come across one
example of this via the internet – where an academy sold part of its school
grounds to Sainsbury’s for £21million… and where the company running the
academy is listed as operating from the Cayman Islands (ie. double whammy: with
taxpayers missing out twice).
Be afraid. Be very
PS: if you know
different and I’ve misunderstood things, please do let me know!
3 weeks ago