http://ift.tt/12odbsR £60bn+ handover The standard lease from the government to these academy chain ‘charities’ is 125 years for peppercorn rent. For everyone who is alive today this represents a permanent transfer of public assets to private hands. Taking the average cost of primary schools at £3,700,000 each, and applying that to the 16,839 primary schools in England (excluding special schools) shines a light on this wholesale move to academies. It means we will lose an estimated £62.3bn worth of assets for the next 125 years, for little or no return. And this is only the primary schools.