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Business organisation urges Government to invest and reform the childcare system

The Confederation of British Industry (CBI) is calling on the Chancellor to invest £8.9bn into the early years ahead of the Spring Budget next month (15 March).
The CBI is calling on the Government to invest £8.9bn in childcare ahead of the Spring Budget, PHOTO: Adobe Stock
The CBI is calling on the Government to invest £8.9bn in childcare ahead of the Spring Budget, PHOTO: Adobe Stock

Within its submission to the Treasury, the CBI, a membership organisation which supports 190,000 businesses, calls for additional investment and reform to childcare and early years support to create an ‘accessible and affordable system’, helping people to remain, return and progress in employment.

It says this should include:

The CBI estimates the annual cost of the above three measures to be £8.9bn.

Other measures it recommends are to launch a two-year pilot of turning the Apprenticeship Levy into a ‘Skills Challenge Fund’, allowing firms to spend the fund on a variety of accredited training and skills, and expanding the scope of health support as a non-taxable benefit in kind to muscoskeletal conditions, mental health and ergonomics.

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