Member

If I have done the maths right—it is late and I might have missed a zero—I think that even if we took the 60-something trusts that she mentioned and we knocked £100,000 off the salary of each CEO, we save the school system £6 million, which is a lot of money, but it is not a lot of money in the context of about £60 billion: I am looking to the Minister to confirm this. I agree with the spirit of her amendment that public resources should be spent effectively and responsibly. I urge the noble Baroness and the Minister to focus on what, to be fair, is a very small minority of trusts that spend very significant percentages of their school funding—their GAG funding—on the chief executive and the senior leadership team. In the ones that I looked at, there was no individual who was earning an eye-catching amount of money but, combined, they were taking significant percentages of funding that should be spent on pupils.