This looks like a good thing:
Morrisons is to announce tomorrow that it is to fund 20 undergraduates a year on its three-year degree course in food manufacturing, which starts in January. The students will spend half their time working in the company\’s factories and half studying for the course, run by Bradford University\’s management school.
The supermarket admits the course will leave little time for the recreational side of university life. Students will not take university holidays, but will have an annual leave allowance. They will receive £15,000 a year and will not have to pay their tuition fees of £3,290 a year. The students are also guaranteed a job once they graduate and must work for Morrisons for at least three years.
Companies, the armed forces, certainly used to run these sorts of schemes all the time. And they\’re really only an advanced form of apprenticeship after all, which are generally assumed to be a good thing.
Plus, this is a nice answer to those on the left who are shouting (I\’m sure the idea originated with Ritchie but it\’s spread) that corporation tax should rise because it is business which benefits from peeps getting university educations.
If market processes produce this (as we are told) desirable result, that business does indeed pump money into universities, then clearly there\’s no need for government intervention to force them to do so, is there?
Although I do have a feeling that this won\’t be considered acceptable: Morrison\’s is spending money on the education that it desires its hires to have: not money on what the education establishment thinks they should have.
Tsk, can\’t have that now, can we?