Productivity in the UK reached an all time low in 2013. Data from the G7 summit showed Britain lagging behind many of our European neighbours in terms of gross domestic product per hour worked out in current prices. After a lot of analysis, it was evident that as a country, we were failing to provide a whole lot of development opportunities for our working population.
Action was taken in the form of establishing the Apprenticeship Levy, a tax which large companies had to pay into, and reclaim in the form of training for their staff. Of course, apprenticeships have been around Read full story ›
Source: The Drum
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