Britain Would Invest More in Technical Education
Britain is planning to expand her budget into technical education. Half billion will be allocated to skills training and developing program. As it appears that Britain has prepared herself to leave European Union, seeking to address the country’s nagging productivity problems.
Britain is facing weak productivity problem. Due to workers, this lack is happening due to unavailability of skillful and sufficient numbers of workers. Then it is expected that Britain seeks to impose more controls on workers from the EU once it leaves the bloc, the government is also seeking with increasing urgency to bridge the skills gap. According to published report, the extra spending on developing the skills of 16- to 19-year-olds will be announced in finance minister Philip Hammond’s annual budget statement on Wednesday. It will be rolled out from the 2019-20 financial year, reaching 500 million pounds ($615 million) a year from 2022. The move will take total spending on academic and technical education for the age group to nearly 6 billion pounds. The current system of technical education, which is made up of around 13,000 separate qualifications, will be reformed and replaced with 15 schemes.
On the other side, Business industry of Britain has welcomed this forthcoming move and term it as delighted move for Industry