£750M LOST FOR TRAINING - THE TRAINING LEVY DO YOU REMEMBER THAT ?

 

£750M LOST FOR TRAINING COULD HAVE BEEN

USED FOR APPRENTERSHIPS INSTEAD THE SURPLUS MONEY WENT TO THE TAX MAN #BuilderBetterBritain @THESUN EXCLUSIVE by KATE FERGUSON a Report in THE SUN THE Treasury pocketed £750million from the apprenticeship levy last year rather than spend it on training.

Experts said the figures show the system needs reform to help more businesses take on trainees.

Under a "use it or lose it" approach, firms have to pay the levy and any unspent cash goes to Government coffers.

Some £3.2billion was raised in the year ending April

2022 but just £2.45billion was spent.

Over the past five years, Government has snaffled £4.4billion from the fund, the Policy Exchange think-tank said. The numbers were unearthed in parliamentary questions tabled by its director Lord Dean Godson.

Our Builder Better Britain campaign calls for more government training help.

Sun

No10 said: "Underspends are re-allocated to fund demand.