Claire Bennison, head of ACCA UK, said:
‘ACCA welcomes the government’s focus on job creation and the extra money for mental health services, as the country battles the harsh effects of the global pandemic.
‘A focus on jobs requires an equal focus on skills. There is now a unique opportunity for a more ambitious lifelong skills plan that will nurture the modern, digital and technical skills for all people needing to retrain and upskill in resilient sectors, such as financial services.
‘We would like to see public and private sector partnerships to deliver skills quickly to those in need. Having qualifications that are portable and recognised by professions and trades is now more important than ever. This is a pivotal moment for the government to reshape the post-Covid economy and boost careers training and skills development.
‘Additional funding for SMEs to take on apprenticeships is welcome, but for many of them a one-off payment does not go far enough to incentivise new recruitment and they would like continued support against long-term costs, such as wages for new starters.’
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