• Cost of place in children’s care homes in England hits almost £320,000 a year

    Private firms’ profits soar, watchdog says, as prices nearly double in five yearsThe cost of a single place in a residential children’s care home in England has nearly doubled in five years to an average £318,000 a year, with private firms racking up huge profits as a result of market failure, according to the public spending watchdog.The £3bn children’s homes market, which is increasingly dominated by private firms, some funded by private equity, is “dysfunct

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