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Budget 2021: Rishi Sunak to inject £126m to boost traineeship scheme

Budget 2021: Rishi Sunak to inject £126m to boost traineeship scheme

Business
Getty ImagesChancellor Rishi Sunak is set to announce a £126m boost for traineeships in England in his Budget on Wednesday.The scheme will include a new "flexi-job" apprenticeship that will enable apprentices to work with a number of different employers in one sector.Unemployment is at its highest level in almost five years, with younger and typically lower-paid workers bearing the brunt of job losses.Mr Sunak said it was "vital" support continued to get people back into work.The chancellor's boost to existing apprenticeship and traineeship programmes will include playing up to double the current cash incentive to firms who take on an apprentice, regardless of age.It comes as a new government guarantee for low-deposit mortgages is announced as part of next week's measures. 'We'd just begun...