Member

Our view is that rather than banning profit entirely, taking a more balanced approach, as we announced in Keeping Children Safe, Helping Families Thrive, with the whole range of measures that I have already outlined, is more proportionate. There is good work being done by some private providers, but we want to ensure that all providers are delivering high-quality placements for children at sustainable cost to the taxpayer. We will continue to evaluate the state of the market. If significant behavioural change from providers is not seen, we will not hesitate to use the new powers to cap profits under Clause 15, which I know we are going to talk about on a later group.