Learning cash suspended as abuse revealed

first_img Comments are closed. Learning cash suspended as abuse revealedOn 6 Nov 2001 in Personnel Today Related posts:No related photos. Previous Article Next Article The Government is to suspend its Individual Learning Account programme afterevidence that the scheme has been abused by some training providers. The initiative, which entitles people to grants of up to £200 towardseducational courses, is to be put on hold following allegations that someregistered training providers have been taking the money while providingsub-standard courses. Education and Skills Secretary Estelle Morris said the scheme was beingsuspended from 7 December as a result of concerns over the exploitation of thescheme, which are being investigated by the National Crime Squad. She said, “There is growing evidence that some companies are abusingthe scheme by offering low value, poor quality learning. “We are keen that this does not undermine what has been a successfulprogramme, and so are acting quickly to protect the interests of individuallearners. We have, therefore, decided to prevent any further take-up of ILAs. Existing account holders will continue to be supported provided courses arebooked with the ILA centre by 7 December. Liz Smith, head of learning services for the TUC, said, “It isimportant to be clear that this does not mean a reduced commitment bygovernment to lifelong learning, and the TUC and union views will be importantin shaping better ways of ensuring effective delivery in the future. “In the meantime, we will be discussing the implications for unions thatare using ILAs with the Department for Education and Skills as a key part oftheir workplace learning activities and will assist in making any necessaryadjustments to programmes and targets.” last_img read more

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Bread Factory unveils electric vans

first_imgLondon artisan bakery The Bread Factory revealed its new fleet of electric delivery vans at its base in Hendon yesterday (Monday 30 April).The firm, which supplies a number of high-end restaurants, hotels and contract caterers, makes over 900 daily deliveries across London. It said the new zero-emission vans would reduce the bakery’s carbon footprint and impact on the environment. Dean Arbel, managing director of The Bread Factory, said: “We’re passionate about making a difference in what we do and this new delivery method supports our other green initiatives. These include using free-range eggs throughout the business, sourcing locally wherever possible and an ambitious recycling programme.He added: “As well as helping us become more environmentally friendly, these great new vans, with our branding featured prominently on them, will be a moving canvas promoting us throughout London.”last_img read more

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Tesco chairman steps down as £263m black hole is revealed

first_imgThe chairman of Britain’s biggest supermarket, Tesco, is to step down following its catastrophic profit overstatement, confirmed at £263m.In its half-year interim results this morning, the retailer revealed that pre-tax profits plummeted by 92%, while like-for-like sales were down 4.6%.The black hole in Tesco’s profits has been stated as £263m after Deloitte’s internal investigation. This is an increase on the original £250m estimation.Underlying profit before tax was £783m, down almost 47% on the previous year.Sir Richard Broadbent, chairman of the struggling supermarket, said he was resigning on the principle of accountability for the profit blunder on behalf of the board.He said: “The issues that have come to light over recent weeks are a matter of profound regret. We have acted quickly to clarify the financial performance of the company.“A new management team is in place to address the root causes of the mis-statement and to develop and implement the actions that will build the company’s future.“Once this transition is complete and business plans are in place, it will mark the beginning of a new phase for the company and I will begin, now, to prepare the ground to ensure an orderly process for my own succession at that time.”Customer focusDave Lewis, chief executive, who was called to the helm of Tesco in September, has emphasised the company’s need to put the customers back at the heart of the business. He said: “Our business is operating in challenging times. Trading conditions are tough and our underlying profitability is under pressure. We do, however, face these challenges from a position of market strength and I have been heartened by the team’s welcome and their determination to stay focused on doing the very best for our customers.“Whilst my review of the whole business continues, three immediate priorities are clear: to recover our competitiveness in the UK; to protect and strengthen our balance sheet; and to begin the long journey back to building trust and transparency into our business and brand.”The Deloitte report found profits were overstated by £118m in the first half of this year, £70m in the financial year 2013-2014 and by £75m prior to that.Eight executives have been suspended so far since the mistake, but Tesco has said there was no evidence of fraud or personal gain from it. Tesco released a video this morning of an interview with Lewis regarding the half year results, from 26 weeks ended 23 August 2014.last_img read more

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