The House of Commons Public Accounts Committee held a session on Monday 29 January 2018 in response to the consolidated annual report and accounts for the academy sector. The discussions highlighted various financial concerns, including that:
the number of academies in deficit is likely to increase
39 academy trusts are subject to financial notices to improve
Also this week, headteachers in 32 counties have taken part in a campaign pressing for higher and more fairly distributed funding for schools. As part of the campaign, 5,500 headteachers signed a joint letter to Chancellor Phillip Hammond warning of chronic funding shortages and unequal funding. The letter argues that there is a correspondence between high levels of school funding and high levels of social mobility.