L

Lord Sikka (Lab)

Speaking in the House of Lords on 12 March 2026

Debate

Children in Care: Illegal Accommodation

Contribution

Thank you. My Lords, the largest providers of children’s care homes have average profit rates of 22.6%. Private equity is central to it. On 18 November 2024, the Secretary of State for Education said: “We will crack down on care providers making excessive profits”. Can the Minister explain why this promised crackdown has not materialised and when it might begin?

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