News has noticed a letter circulating among executives that criticizes the current Apprenticeship Levy, saying it “is not doing enough for our economy, for young people entering the job market, or for adults needing to learn new skills.”
It stated that billions of pounds had been “lost and unspent despite skills shortages” and that the number of apprenticeship starts had decreased by a third since the Levy was implemented.
“We need a fresh approach to ensure everyone has opportunities, businesses have the right skills, and our economy thrives,” it.
Thus, we back Labour’s proposals for a Skills and Growth Levy in order to safeguard apprenticeship funding and provide the necessary flexibility for workforce training.
It continues, “Labour’s plan fits the changing landscape.”
Labour is expected to publish the letter the following week, and executives have been urged to sign it by this Friday at the latest.
The text of the letter was leaked earlier this week, according to an insider, but party leaders were currently looking for additional signatories.
