Schools: Academies Debate

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Department: Department for Education

Schools: Academies

Lord Naseby Excerpts
Tuesday 3rd March 2015

(9 years, 8 months ago)

Lords Chamber
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Lord Nash Portrait Lord Nash
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The noble Lord is right that this is a difficult issue and it is one that we have been looking at. I assure him that we will continue to look at it.

Lord Naseby Portrait Lord Naseby (Con)
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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.

Lord Nash Portrait Lord Nash
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I agree entirely with my noble friend, who makes the point admirably.