exit payments | Schools Week

Bailed-out academy boss set for £150k payout, despite £1.1m budget hole

A single academy trust facing closure has set aside a £150,000 payout for its chief executive, despite reporting a £1.1 million budget black hole last year and needing two taxpayer bailouts. The Castle Trust is set to be wound up after it was stripped of Delce Academy in Kent last year following an “inadequate” rating. […]

Schools should be prepared for ‘challenge’ after £95k exit payment cap revoked

Schools should be “prepared for challenge” from former staff who had their exit payments capped after a government U-turn on the regulations. The Treasury faced a legal challenge by unions against a £95,000 cap introduced in November last year, aimed at limiting payouts to departing public sector staff, including those being made redundant. However, the […]