Capital 500 Quarterly Economic Survey (3)

Meeting: 
MQT on 2016-10-19
Session date: 
October 19, 2016
Reference: 
2016/3943
Question By: 
Andrew Dismore
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

The London Chamber of Commerce and Industry (LCCI) published the third quarter results of its Capital 500 Quarterly Economic Survey including a conclusion that  Q3 2016 saw the lowest recorded Capital 500 employment levels, with 6 % of London businesses reporting decreased employment over the last three months and that plans for investment in training continued to decline, with 3% of companies, , decreasing investment plans. They say that the Government should ensure Apprenticeship Levy funding can be used to support other high quality workplace and vocational training (beyond just apprenticeships) and large employers should be able to transfer their electronic vouchers to smaller firms in their supply chain. Do you agree?

Answer

Answer for Capital 500 Quarterly Economic Survey (3)

Answer for Capital 500 Quarterly Economic Survey (3)

Answered By: 
The Mayor

My responses to the government's consultations on the apprenticeship levy have all argued for the facility for levy paying employers to be able to transfer their digital vouchers to smaller employers within their supply chain.  

My most recent response to the consultation on the apprenticeship funding proposals, argued that the 10% facility proposed by government should be increased

Capital 500 Quarterly Economic Survey  (4)