Why is the Government cutting investment in the face of BREXIT?
Posted 13 September 2016
Why is the Government cutting investment in the face of BREXIT, in the full knowledge that we need to urgently ramp up skills to close the 30% productivity gap, highlighted in the recent NAO report, in the next three years? Asks Graham Hasting-Evans.
Is it that the Government has not worked the figures through enough yet? Is it rushing due to the 1 April deadline?
The Government is planning to increase taxation on employment (the Apprenticeship Levy) from the 1 April deadline by £3bn per annum against a current spend of approximately half of this.
There should be no need to cut investment, in fact the taxation is being levied to enable investment to be increased.
So what is going on, do you think?