Government pulls all Learndirect contracts and funding
https://www.theguardian.com/education/2017/aug/15/government-pulls-all-learndirect-contracts-and-funding?subid=19389892&CMP=EMCNEWEML6619I2
Learndirect, which was privatised by David Cameron’s coalition government in 2011 and is majority-owned by the private equity arm of Lloyds Bank
An FT/FE Week investigation this week found that in the four years since it was sold off, it parent company spent 84% of its income, most of which came from the taxpayer, on payments to managers and financiers.
learndirect opposed publication of the report
"which gave the provider the lowest possible rating"
because it would
"create a risk of “irreparable damage including financial consequences”."
The shape of things to come for Hunt the Hated's sell off of the NHS's taxpayer money saving Staffing arm.
https://www.ft.com/content/5bc8444a-5979-11e7-9bc8-8055f264aa8b