Skip to main content

Partly due to the strain on local council budgets & partly due to continuing problems in the provision of children's social care in England, the Govt. is today announcing a move to require firms to share their detailed finances with Govt. to start to work towards reducing 'excessive profits' in the sector.

Of course, Wales has already moved to shift provision to not-for-profit providers for the same reasons, so England currently looks behind the curve on this.

#children #care

h/t FT

#children #care
in reply to Emeritus Prof Christopher May

SeaMonster
SeaMonster
• •
I guess one possible downside of awarding care contracts to not-for-profits is that a not-for-profit could (perfectly ethically) charge fees that ensure their workers have the support they need, that they can fund preventative programmes, and invest in renovations and new developments that will (eventually) provide cheaper or more effective or more acessible services.
What's not to like? If you know that excess will go to shareholders and/or senior employees, it's transparent.
⇧