Taxpayer-funded apprenticeships must be rebooted to help kickstart the economy, the boss of Tesco has said, as he hit out at the rising number of courses for high-earners.
Ken Murphy said the number of people completing apprenticeships equivalent to bachelor's and masters degrees, including MBAs, had soared by more than 400 per cent in the eight years to 2022, from 20,000 to more than 100,000.
However, during the same period, lower-level training equivalent to GCSEs, typically undertaken by the young, had plummeted by 70 per cent, from 300,000 to just 90,000.
The supermarket boss said the figures proved the apprenticeship's levy was failing and serving the interests of highly paid executives over young people just starting their careers.
Calling for an overhaul of the system that would help bolster the workforce, he said: "Any scheme that supports MBAs for managers over opportunities to kick-start careers for all has lost its way. This was not the purpose of the levy and it is neither fair nor effective. That is why we need to fundamentally reboot the system and unleash the potential of our young people."
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