Horrific, unregulated, and very profitable. The companies making cash from England’s children in care | George Monbiot

B ring your suitcase, your bin liner, your dumpy bag. They’re handing out money faster than you can stuff it in a sack. All you need do is join the market in what may now be England’s most lucrative commodity. A commodity with arms and legs, hearts and brains, thoughts and feelings. Children . Two years ago I stumbled into this issue after discovering that children in care who were being helped by a local charity I’m involved with were suddenly being whisked away, terminating the amazing progress they had been making, breaking their relationships, their sense of home, stability and security. When I began exploring why this was happening, I could scarcely believe what I was seeing: a highly lucrative trade in highly vulnerable young people. Children in “care” were being exchanged between private equity companies for £100,000 apiece. That figure is now wrong. Today they are worth far more. A few days ago, the Financial Times published an investigation that I defy you to read with anything but open-mouthed horror. The average charge to the state by a private provider for a child in “care” is now £384,020 a year. That’s six times what Eton charges. Some providers now levy more than £1m per child per year, rising in a few cases for children with complex needs to more than £3m. So everyone is cashing in. …