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PM may reform apprenticeship levy

Prime minister Theresa May is set to reform the controversial apprenticeship levy, the Sunday Times has reported.

Government sources indicated to the newspaper that the prime minister is “looking to evolve” the scheme, which has been seen as a burden by some retailers. It is unclear what the changes would involve, but they are thought to be aimed at winning support from business leaders.

The levy was introduced in April 2017, and requires companies with an annual wage bill of more than £3m to contribute 0.5% of payroll costs to the scheme. This money can then be claimed back for training purposes.

The programme for being overly bureaucratic. The number of young people starting apprenticeships in the UK dropped by 28% for the current academic year.

It is thought the proposed changes could be announced at the Conservative Party conference.

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