Children's Home Profits Curbed
This is a news story, published by BBC, that relates primarily to Ofsted news.
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•'Exploitative' children's home firm profits to be curbed
83% Informative
New measures will require large providers to disclose their finances to the government.
If they do not limit profits voluntarily, they will face a legal limit on how much they can make.
Government also intends to strengthen the powers regulator Ofsted has to investigate and fine "exploitative" providers that prey on a stretched care system.
Measures come as council-run children's services are struggling with rising demand, complex cases and spiralling costs.
Children's Home Association ( CHA ) says Ofsted powers are long overdue.
But it says the law that threatens to cap providers' profits "risks serious unintended consequences" The CHA also criticised Phillipson 's comment that the sector was letting families down.
Charity Action for Children says urgent investment in not-for-profit and public sector provision needed.
VR Score
88
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