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NEW BREED OF STATE-SCHOOLS TYCOONS

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The Daily Express (p1) leads with the revelation that ex-teacher Kevin McNeany, who runs the Manchester-based Nord ...
The Daily Express (p1) leads with the revelation that ex-teacher Kevin McNeany, who runs the Manchester-based Nord Anglia Education group, is set to make£1.6million out of the government's education action zones. Shares in his company rocketed to record levels within hours of the announcement of the shake-up. The Express notes that the sum could pay the salaries of 73 teachers.

McNeany hopes to become Britain's first state schools tycoon by cutting red tape and raising standards. His company, which owns 15 independent schools, would be allowed to end teachers' contracts and discard parts of the national curriculum. He is quoted: 'We provide a lot of services more efficiently than local education authorities,' and 'We would expect to be even more accountable to parents than the local authorities are.'

The Express notes that Nord Anglia's£13m worth of shares could be embarrassing to the government. Labour MP Jerem Corbyn is quoted: 'This kind of profit on the expectation of privatising Britain's education system is obscene.' Lord Hattersley is also quoted as saying he is against the plan.
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