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Cable drops apprentice loan scheme after just 404 apply
Apprenticeship loan scheme ditched after less then 2 per cent of the target number applied for loans
Ministers ditched their controversial loan scheme for adult apprentices yesterday after attracting just 404 applications - well short of the 25,000 target.
Business Secretary Vince Cable announced the embarrassing climbdown seven months after the scheme was launched.
It was opened in April after the government slapped a £4,000 price tag on apprenticeships for over-24s for the first time.
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