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LONDON - British Prime Minister Rishi Sunak's Conservative Party said it would create 100,000 more high skilled apprenticeship places per year by 2029 if it wins a national election on July 4.Britain's economy is stuck in a rut of slow growth, held back in part by poor productivity and a shortage of labour.
In the 2022/23 academic year there were 337,100 new apprenticeship starts in England, according to a parliamentary research briefing. The Conservatives said meeting the pledge would cost 885 million pounds in 2029/30 and to pay for this it would close poorly performing university courses. This would save money on the cost of loans to those who would have taken those courses and divert them to employment or courses with better outcomes, they said in a briefing document.
An existing apprenticeship scheme, funded by a levy on large employers, has been criticised by some industries as overly complicated and poorly administered. The Labour Party want to make the existing scheme more flexible. Labour on Tuesday set out how it wants to spur economic growth and business investment.It has been our privilege to have the trust and support of our East Coast communities for the last 200 years. Our SaltWire team is always watching out for the place we call home. Our 100 journalists strive to inform and improve our East Coast communities by delivering impartial, high-impact, local journalism that provokes thought and action.
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