Think Tanks
 Printable version
|
 E-mail this to a friend
|
Budget 2011: KPMG comments on creation of 50,000 new apprenticeship places
“This continued commitment from the government to increase the number of apprenticeships, ensuring that people have the right breadth of skills they need for the workplace, is extremely welcome news.
“It is also particularly encouraging that such a large proportion of the additional numbers - 40,000 of the 50,000 new places that are to be created - will be targeted at those who are currently out of work, as it is clearly this group that is most in need of government support.
“The good news is that it is readily apparent from the progress made since the last Budget that employers are already stepping up to the plate to get involved.
“However, there remains a challenge as to whether enough employers will continue to come forward, particularly given the amount of perceived bureaucracy that they have to go through to get involved.
“In addition, we hope that the government has learned from previous large-scale training programmes in recognising that it is essential that a similar level of effort goes into the quality of delivery. This is vital to ensure that the credibility of the apprenticeship brand is maintained, and that the people going through the programme get a high-quality learning experience.”
Bernard Brown, KPMG’s head of business services comments: “What the Chancellor has really proposed today is a budget for more jobs and the future.” “The Government has promised 40,000 new apprenticeships for the young unemployed, funding for 100,000 work experience placements. Coupled with the announced tax breaks and the planned investment into new green measures this could easily create 300,000 new jobs.
Broadcasters please note - We also have a fixed Globelynx camera onsite – in order to book down the line TV interviews please call the media hotline
Budget media hotline: 0207 694 8773
Follow us on Twitter at: http://twitter.com/kpmg_uk_llp
For further information please contact:
Katy Broomhead, PR Manager
Tel: +44 7824 537963
Email: katy.broomhead@kpmg.co.uk
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with nearly 11,000 partners and staff. The UK firm recorded a turnover of £1.6 billion in the year ended September 2010. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 150 countries and have more than 138,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.
The Budget Report proposals and other tax changes are referred to in summary here. The Budget Report proposals may, however, be amended significantly before enactment. The content of this communication is intended to provide a general guide to the subject matter and should not be regarded as a basis for ascertaining liability to tax or determining investment strategy in specific circumstances. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation..
