Education Funding Agency response to Guardian academy cash claims

From the Guardian: http://www.theguardian.com/education/2014/jan/15/holding-academy-trusts-account

The letter from Peter Lauener, chief executive of the Education Funding Agency included this comment:




'The difference is that academies and academy trusts are far more transparent and subject to far tighter financial controls and scrutiny than local authority schools. Indeed, all this information is publicly available because we require academy trusts' accounts to be published online and to include any transactions of the sort featured in your article. This is not the case for local authority schools.'