Academy schools struggle with ‘unsustainable’ deficits

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Many schools in England forced into mergers despite years of cost-cutting

Schools in England are merging into larger academy chains and slashing costs in a bid to manage “unsustainable” deficits, according to an authoritative survey of more than 1,000 academies.

The report by the Kreston academies group found that half of the schools had an operating deficit last year, with only stringent cuts and the sharing of resources within multi-academy trusts (Mats) stopping the figure from being higher.

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from The Guardian http://bit.ly/2S1PiNt

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