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New apprenticeship levy to come into force in 2017

Chancellor George Osborne recently announced in his Spending Review that 0.5% of large employers wage bills will have to be spent on funding apprenticeships from April 2017. This will affect around 2% of the UK population and “will raise £3 billion a year. It will fund 3 million apprenticeships, with those paying it able to get out more than they put in” says the Chancellor.