David Cameron to cut welfare spending to fund 3 million apprenticeships

On Monday, Prime Minister David Cameron will say that he wants to end youth unemployment and that a future Conservative government would use £1bn in welfare spending cuts to fund 3 million apprenticeships.

According to him:

“Because of difficult decisions we will make on welfare, we will deliver 3m apprenticeships by 2020. This is a crucial part of our long-term economic plan to secure a better future for Britain.

“It will help give us the skills to compete with the rest of the world. And it will mean more hope, more opportunity, and more security for our young people, helping them get on in life and make something of themselves.

“We have already doubled apprenticeships this parliament. We will finish the job in the next and end youth unemployment.”