Sunak's apprentice pledge is 'encouraging' for profession - PFS

On Wednesday (25 November) Chancellor Rishi Sunak outlined the Spending Review and said the government would "improve the way the apprenticeship system works for businesses". He said that incentive payments for hiring a new apprentice, which were introduced in the Plan for Jobs over the summer, would be extended to 31 March 2021. Business will continue to be paid £2,000 per young apprentice and £1,500 for every apprentice over 25. In response, Richards (pictured) said: "We are glad that the government plans to continue supporting small and medium sized businesses by extending the reac...