At the moment, it’s difficult to tell how Brexit affects the Apprenticeship Levy. The government plans to create 3 million apprenticeships by the year 2020. The Shadow Skills Minister, Gordon Marsden recently expressed his concern about the impact Brexit may have on apprenticeships.
But what does all this mean for our apprenticeships? With the changes that have happened, the Apprenticeship Levy makes it much easier for small and medium companies to take on new apprentices. Is leaving Europe really going to make that much difference?
Gordon Marsden has expressed concerns that the apprenticeship programme could be held back by Brexit. Economists warn of a recession on leaving Europe. With the effect of this on the economy, is this really the best time to introduce another form of tax on UK businesses?
With only 2% of English companies paying the Apprenticeship Levy, the rest stand to benefit greatly by accessing available funds in 2018. Will a recession stand in the way?
Businesses with international clients are concerned about the effect Brexit will have on their companies. At a time of uncertainty, individuals voice their fears for the future. People are becoming wary of investing in apprenticeships when the effect of Brexit is not yet known.
Continued feedback and support
The government plans to offer businesses the opportunity to give their feedback on the effect of the changes scheduled for next year. With continued support, companies have the chance to grow a skilled workforce.
It’s difficult to say what effect Brexit will have on the Apprenticeship Levy at this time. However, at this time of uncertainty, it’s not at all surprising that some businesses have concerns. Once the system is up and running, it’s up to the government to decide the best course of action for the future.
How will all this affect the Apprenticeship Levy?
The Apprenticeship Levy still went ahead in April even though there were skeptics. However, it is too early to say what effect Brexit will have on the economy. With a target of 3 million apprenticeships by 2020, there is a need for the government to deliver on their promise of the Apprenticeship Levy. Too many businesses stand to benefit from everything the Apprenticeship Levy offers.