FREE schools could cost taxpayers more than £1.5 billion by 2015 — and will do nothing to end England’s classroom overcrowding crisis, senior MPs warned yesterday. 

Parliament’s public accounts committee warned Education Secretary Michael Gove could smash through the fund for his privatisation vanity project if spending steams ahead at the current rate. 

Department for Education figures revealed that the government has splurged a massive £740 million on free schools since 2010.