?While many firms do a brilliant job training their workforces; there are too many large companies who leave the training to others and take a free ride on the system,? he said.Aimed at larger businesses, chancellor George Osborne?s the decision is a ?radical, and frankly long overdue, approach?. Since the Conservatives came into power alongside the Liberal Democrats in 2010, some two million apprenticeships have been created. Now it is a majority government, the Conservatives have set out plans to create a further three million by 2020. Osborne declared that those going about apprenticeship training in the right way will ?get more back than they put in?. He also believes it is the ?bold step? needed to be taken if Britain is going to ?raise its game?. Read more from our summer Budget commentary:
- George Osborne says tax dodgers have ?nowhere to hide?
- George Osborne adds more detail to Northern Powerhouse plans
- Compulsory national living wage gets mixed reception
- George Osborne permanently fixes Annual Investment Allowance at ?200,000
- Cut in corporation tax welcomed by British businesses
- Apprenticeship levy so firms ?get back more than they put in?
- Roads Fund introduced as part of the plan to boost productivity
- The PwC approach to apprenticeships and training
- Apprenticeships not a corporate social responsibility, but at heart of business
- David Cameron unveils nine new degree apprenticeships
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