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Reform UK proposes tax rebates for firms to boost apprenticeships
Reform UK launched an Apprenticeship Wage Credit offering SMEs a 30% rebate on wages for apprentices aged 16 to 18, saving over £4,000 annually per apprentice.
The party plans a £2,000 retention bonus for SMEs that keep apprentices employed for at least two years and aims to prioritize vocational and technical education funding.
To fund these measures, Reform proposes ending student loans for overseas students and cutting degrees such as gender studies and golf course studies, which it describes as lacking value.
Reform UK urged young people to consider apprenticeships over university, criticizing the current system for leaving graduates in debt and struggling economically.