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Apprenticeship levy

The CBI believes the apprenticeship levy, introduced in May 2017, is flawed and needs reform, it said in April 2018.

The levy is 0.5% on payrolls above £3 million a year. It funds apprenticeships that meet government criteria.

In January 2018, there were 25,400 apprentices, that is a 31% or 11,300 decline from a year earlier.

Criticisms include that is inflexible and bureaucratic. The CBI also wants the 24-month time limit for spending funds to be scrapped. [18.04]