The Association of Accounting Technicians (AAT) has appointed Mark Farrar, former head of construction training provider CITB, as chief executive.Mr Farrar replaces Jane Paul, who retired earlier this year.He said: "AAT is a well renowned and respected body in the education sector and I am delighted to join in such an exciting time for the organisation."AAT recently released research that showed apprentices delivered around £1.8bn of net economic benefits to UK organisations last year.Businesses get an average £2,000 bottom-line boost every time they take on an apprentice, once wage and training costs have been factored in, according to its research report The Value of Apprentices.
Theresa May’s calls for a review on the cost of higher education comes not a moment too soon. University provides many people with a great start in life, but there’s no doubt that the current levels of debt some graduates are finding themselves in are quite onerous, and in many cases, they will never be paid back in full before they are written off.
As the Government has recently highlighted, apprenticeships work. According to Skills Minister Robert Halfon, over 90% of apprentices currently go into work or further training. It’s therefore no surprise that more are desired, and, with the introduction of the new Apprenticeship Levy, more should be delivered.
The Autumn Budget is scheduled to take place in November; the first Autumn Budget held since 1996. Ahead of this, AAT (Association of Accounting Technicians) has written to Chancellor Phillip Hammond setting out a series of recommendations, including an expansion of the existing apprenticeship levy, with the money raised from it able to be spent on a wider range of training.