Tories ‘to fund apprenticeships with bank fines’


http://www.bbc.co.uk/news/election-2015-32491591

A Conservative government would use fines imposed on Deutsche Bank for its involvement in rigging interest rates to fund 50,000 apprenticeships, David Cameron has announced.

The Conservative leader said the scheme would “train young people and get them off the dole and in to work”. 

It comes on top of three million apprenticeships the party has pledged over the next Parliament if re-elected.

Labour said the number of young people starting apprenticeships had fallen.

The Conservatives’ latest apprenticeship pledge will target people aged between 22 and 24 who have been unemployed for more than six months.

The £200m cost of the scheme will be paid for out of the £227m fine that Deutsche Bank received earlier this week for trying to manipulate Libor and Euribor inter-bank lending rates.

Mr Cameron said: “We’re going to take the fines from the banks who tried to rig markets – and we’re going to use it to train young people and get them off the dole and into work.”

During a campaign visit in north London, the prime minister again promised to give everything to get his party re-elected, urging people to “let rip” with any concerns they had between now and polling day to ensure a “lively and vigorous” debate on the future of the country.

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About Paul Champion

Some have called me a leader, and a entrepreneur, they say I have integrity, presence and skills to ensure continuous improvement and success in whatever challenges I face. They also tell me that I am positive, resilient and motivating. I say, I'm just a normaI guy from Gateshead in the North of England, who started as an apprentice engineer. I have been in the right place at the right time and in the wrong place at the wrong time! I have successfully initiated and led complex organizations and situations to completion and success, and I have been in some jobs where success seemed untouchable. Mainly though, I have tried to learn everyday, help people to progress and learn the skills they need to be successful. I have had the privilege of working with some great people locally across the UK and more recently internationally in Asia, Europe and now USA, where I am lucky enough to work for www.3aaa.co.uk where I am head of 3aaa USA. This website is just me having an outlet to talk about all those thoughts, ideas and things I learn that pass through my head every day when I face the challenge of doing business. I will also rant on about how great apprenticeships are, and how you can help change peoples lives through them. After all thats how I got to do the great things that I have done, and also I am still an apprentice everyday! All I ask is that if you find it interesting then leave a comment and share what you read. THANK YOU.

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