The scheme will deliver economic growth and increase infrastructure investment to the UK which will create jobs for trade professionals including electricians, plumbers and gas engineers.
Mr Osborne said: “Today’s announcement aims to make mortgages and loans cheaper and more easily available, providing welcome support to businesses that want to expand and families aspiring to own their home.”
It is expected that banks currently offering loans through the National Loan Guarantee Scheme (NLGS) will continue to offer their NLGS branded product.
The Chancellor said: “The NLGS has made a real difference, with over 16,000 cheaper loans worth over £2.5bn already offered to businesses across the UK. In many cases, the money saved has meant an extra person employed who otherwise still might be looking for work.
“The more generous FLS has officially opened for business and will in time effectively take over from the NLGS, delivering credit easing to the whole economy.”
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Gas and electrical work is crucial for the health and safety of every household and must not be underestimated at any time – MPs have warned.
The Communities and Local Government Committee recently produced a report looking at the potential risks of doing DIY work in high risk level trades such as gas and electrics. The report also aims to raise public awareness about health and safety procedures, as well as encouraging people to work more responsively.
The report suggests that electrical equipment sold in DIY stores should be labelled with signs, warning that it is illegal for a none qualified person to carry out electrical work in the home, such as the installation of electrical sockets. It also states that all electrical checks need to meet the requirements of the Building Control Service.
The Committee estimates that too many home owners do not realise the danger of undertaking gas and electric work in their homes. It also concludes that too often people are using sub –standard engineers who do not take full liability for faulty gas or electrical work.
Clive Betts, Chair of the Communities and Local Government Committee, said that more needs to be done to alert households of the dangers of using sub-standard electricians. He also emphasised the importance of completing regular maintenance checks on electrical circuits in the home.
Mr Betts said: “The committee will be writing to all the big electrical/DIY stores to highlight this key recommendation. Such labelling is vital to reinforce the important message to the general public that they must use a registered electrician to carry out electrical work in the home. It will also reinforce a broader health and safety message that electrical work can potentially be extremely hazardous.”
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Train4TradeSkills Radio: Manuel Aquino talks about training as an electrician with Train4TradeSkills
Train4TradeSkills Radio: Mahmoud Howila talks about training as an electrician with Train4TradeSkills
You can listen to Mahmoud’s Interview from Train4TradeSkills Radio via AudioBoo at www.audioboo.fm/train4tradeskills
Train4TradeSkills Radio:Edward Frankish talks about training as an electrician with Train4TradeSkills
You can listen to Edward’s Interview from Train4TradeSkills Radio via AudioBoo at www.audioboo.fm/train4tradeskills
Train4TradeSkills Radio: Chris Niedbala talks about training as an electrician with Train4TradeSkills
The research shows that young people from the North of England are 70% more likely to enrol on an apprenticeship than their counterparts in affluent areas of London and the South East.
Jane Scott Paul, chief executive of AAT, said: “London boroughs, despite being amongst the most affluent in the country, also have huge pockets of deprivation and it begs the question whether youngsters are all equally aware of opportunities available to them.”
Mrs Paul added that giving people the chance to train and become professionally qualified is a key priority for the government because it will provide them with the best routes into jobs and a career.
Director of a leading training provider, Train4TradeSkills, Mike Head shared the importance for people of a wider age group to learn new skills and gain professional trade qualifications. He thinks the interest in becoming a qualified professional extends beyond the usual apprenticeship age.
Mr Head believes it is likely the difference in the uptake of apprenticeships between the North and the South of England to be a result of cultural differences, unemployment levels and economic prosperity as well as the perception of becoming an apprentice in the ‘affluent South’.
He expressed that the focus of apprenticeships will change and vocational careers are going to become more popular due to recent government investments.
Mr Head said: “There is a move towards widening the availability of higher level apprenticeships to bridge the earnings gap traditionally associated with graduate and non-graduate pay which will be helpful for many people who are entering into training.”
“The prospects of so much economic uncertainty will bolster interest in apprenticeships generally; trades apprenticeships in particular, especially in areas where the Government is committed to hitting targets and to increase spending, such as renewable energies.” added Director Mike Head.