Quote by Vince Cable
For wide swaths of training and education there are valuable spillovers which mean that the private sector needs support from the government. That is why I have been so determined to protect and grow apprenticeships and put higher education on a sustainable footing.
Summary
This quote highlights the importance of government support in training and education. It acknowledges that certain areas of education and training have significant benefits that extend beyond just the individual or organization involved. These positive externalities, called spillovers, imply that the private sector may require assistance from the government to maximize the benefits of training and education. The quote specifically mentions the speaker's commitment to protecting and expanding apprenticeships, as well as ensuring the financial sustainability of higher education. Overall, it emphasizes the need for collaboration between the private sector and the government to achieve effective training and education outcomes.
Topics
Education
By Vince Cable
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