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.
Vince Cable, a British politician, emphasizes the importance of government support for private sector initiatives in education and training, citing the value of apprenticeships and higher education.
Cable argues that government support is necessary to ensure the private sector's involvement in education and training, which can lead to valuable spillovers and long-term benefits.
This quote likely refers to the UK's post-financial crisis economic landscape, where government support for education and training was seen as crucial for economic recovery.
Vince Cable is a British politician who served as the Secretary of State for Business, Innovation and Skills from 2010 to 2015.
Cable's emphasis on apprenticeships and higher education highlights the importance of vocational training and lifelong learning in today's rapidly changing job market.
While Cable's quote does not explicitly address criticisms or controversies, his emphasis on government support for private sector initiatives may be seen as a departure from traditional laissez-faire economic policies.