Failing academy chain strips school assets - end academisation!

Teachers and students successfully struck against 'academy' status in Lewisham, south London, in 2015, photo Socialist Party (Click to enlarge)

John S, school student

In businesses when cuts are made, they sell off their facilities and equipment in the interest of maintaining profits. Now that's what's happening with our schools.

In December police confirmed they were looking into "asset stripping" by the Wakefield City Academies Trust which 21 schools are part of.

Wakefield had announced it had to get the Department for Education (DfE) to find new 'sponsors' for the 21 academies, as the "trust does not have the capacity to facilitate the rapid improvement our academies need." Turns out that in October the trust had transferred millions from school accounts to private accounts.

There was, in fact, a leaked DfE document that showed "extreme concern" at how much the trust was paying its chief executive for 15 weeks of work - Ł82,000. Meanwhile it was paying Ł440,000 into an IT firm run by the interim chief executive. All while the trust had a Ł16 million budget deficit!

The real question is: should we be surprised?

It's like the Tories were a classroom teacher and instructed the greediest child to distribute all the ice cream to their classmates equally. Obviously that child is going to take a huge chunk for themself and get their clothes dirty. They knew that.

Now, since the trust has announced it will begin to divest itself of these schools, it is up to the DfE to find new 'sponsors' to take over.

But how will profit-hungry academy chains make money from schools in such a financial mess? They will lie and lie, say that they care about the students, while attacking teachers and cutting resources.

Even Tory MP Robert Halfon has raised the issue in parliament, showing there is yet another crisis of the Tories' own making which could divide May's weak minority government.

The Socialist Party fights to end academisation, privatisation and 'PFI'. Our schools should be for our children to flourish in. They need to be brought back into public ownership under democratic control.

Young people are not for capitalists to profit from. Nor should the working class be expected to pay off the debts of the bosses like after the 2007-08 financial crash.

Donate to the Socialist Party

Finance appeal

The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.

Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.

We therefore urgently appeal to all our viewers to click here to donate to our Fighting Fund.