§ Mr. McCrindleasked the Paymaster General if he will make a statement on the contribution by the financial services industries to the YTS; if he will state the numbers joining the scheme from banks, building societies, insurance companies, insurance brokers, accountants and estate agents, respectively; and how many such young people have subsequently found employment.
§ Mr. Trippier(a) Contribution by the financial services industries to YTS.
The financial services industry are making an important contribution to the YTS.
The major banks, building societies and insurance industry run substantial YTS clerical training schemes, designed to deliver transferable office skills. Additionally many insurance brokers, insurance offices and estate agents act as work placement providers for local managing agents.
(b) Entrants to the YTS.
Statistics are not kept nationally by standard industrial classification on two year YTS. However, the latest figures for one-year YTS starters by SIC show the following numbers of entrants at March 1986.
Number Banking and finance 3,089 Insurance companies 920 Insurance brokers 27,167 Accounts Estate agents Business services (c) YTS trainees subsequently finding employment
Information on the proportion of ex-trainees who have obtained employment is not available in the form requested. However the Manpower Services Commission's regular follow-up survey provides the following results about those young people who left schemes in the financial service sector between April 1985 and March 1986.
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Percentage in work (including part-time) 3 months after leaving Sector Per cent. Banking and finance 84 Insurance 79 Business services 61 Owning and dealing with real estate 63