This article is rather optimistic in its assessment of the academy scheme crumbling. However, it does point out that of the first 100 academy schools, a third will have faith sponsors.
As it points out, the only people who will be deterred from investing in academy schools as a result of the adverse publicity of the last week, will be those who had truly philanthropic motives, and do not want to be tarred with the brush of corruption. Thoxse who do not care will still be happy to buy schools and peerages.
'As Chris Waterman, executive director of the Confederation of Children's Services managers, puts it: "you pay 10% of the purchase price to buy the freehold of an academy but you get a trust for nothing; that is not selling but giving away the family silver".'
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