Half of academies have spent more than their income

he proportion of multi-academy trusts spending more than their annual funding doubles in two years.

 

More than half of academy trusts have spent more than their income, according to new figures released in Parliament.

 

The figures, disclosed in response to a parliamentary question, show that 363 – or 52.5 per cent – of multi-academy trusts spent more than their income in 2014-15,  compared with just 25.2 per cent two years previously.

 

Read more