Academies programme £1bn over budget, says watchdog
A tenfold increase in the number of English schools converting to academies has meant £1bn in extra costs, says the government's spending watchdog.
The Department for Education (DfE) met the expense from its overall budget, says the National Audit Office report.
"The department was unprepared for the financial implications of rapid expansion," the authors say.
The government said it made "no apology for spending money on a programme that is proven to drive up standards".
Vicki Young reports.
22 Nov 2012