Liberal Democrats has stated that special educational requirements and private providers of school education have capted their profits to prevent “shameless profiteering”.
Research done by the party found that some firms have made millions of pounds annually, with the profit margin more than 20%.
Party’s education spokesman Munira Wilson said “Profit should be shared at 8% to prevent money to send children going to shareholders pockets.
In response to research, the government said that labor required schools to “improve children’s results – earn excessive profit”.
The House of Commons Library Analysis has commissioned by Lib Dames, which found several major providers of sand education, some offshore private equity firms have seen an increase in their profits in recent years.
A provider allegedly made more than £ 44m in profit at an annual turnover of £ 208m, and saw a jump of 60% in profit in just two years.
Another made £ 20.9m profit in a turnover from £ 194.2m – a profit margin of 10.8%.
Wilson argued that profits are “distanced away from the back of children with disabilities” and at a time local councils face financial stress.
He described the situation as a “complete scam” and accused private equity-supported firms of exploiting the lack of sending education provisions.
“Children with special educational requirements deserve the best possible support, and they should not be seen as cash cows for vulture firms,” he said.
If applied, firms exceeding 8% margin may face restrictions, including local authorities to return additional benefits, Lib Dames said.
The proposed cap must have mirrors the “similar measures” floating by the Education Secretary Bridget Philipson in November. Cap profits for companies running children’s homes In England.
The lid Dames insisted that the cap would not reduce competition or spoil access to special school locations.
Instead, it will be with efforts to expand the specialist provisions run by the state according to the party – including support for councils for the construction of their own schools and currently 66 new special free schools in development.
Minister is considering The main shake-up of the sand system, Later this year, a school is set in a white paper with details.
A spokesman for education said: “The system we have inherited, it is thwarting the families of children who have sent a very long time, and it is terrible that some companies are putting capital on this crisis.”
The spokesperson said the government “all schools need to focus strongly to improve children’s results – not on earning excessive profit,” the spokesperson said.
In December, Government announced £ 740m in new funding To send Pupils and support people requiring alternative education, the spokesperson stated that “encourages councils to create more expert places in mainstream schools.”
