Lord Sikka
Main Page: Lord Sikka (Labour - Life peer)(1 day, 8 hours ago)
Lords ChamberThank 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?