Doomed Perry Beeches academy trust had a £1.5 million deficit

The controversial Perry Beeches academy trust had a £1.5 million deficit in the year before it was wound up, it has been revealed.

According to its latest accounts, the now-defunct Birmingham trust managed to reduce the deficit across its schools from £2.5 million in August 2016, but still had a £1.5 million shortfall last summer.

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