Gamble on schools
The comparatively steep rise in the share value of education company shares is hardly based at all on real results in the form of receipts from the public sector and its taxpayers. The main contributor is hype about what might happen in the future. Mr Morehead's comments invite speculation as to whether the flow of funds from the taxpayer to consultants with such a rudimentary grasp of their subject could be better used.
Neil McIntosh Chief executive, CfBT 1 The Chambers East Street, Reading