UK apprenticeship levy ‘not working’
Official figures released last week show a steep fall in the number of apprenticeships against the same period last year. The statistics showed that between May and July 2077 apprenticeship starts dropped from 113,000 in 2016 to just 43,600 this year.
The figures are a blow to the UK government, which earmarked an increase in the number of apprenticeships as part of its flagship policy to invest in job creation and education.
In the Spending review and autumn statement of 2015, the Chancellor of the Exchequer confirmed that an apprenticeship levy would be imposed on all large employers in all industry sectors, for the purpose of raising money to meet the cost of apprenticeship training. From 6 April 2017, all employers with an annual wage bill of more than £3m were required to pay the apprenticeship levy.