Let First Global Citizens review proposals for new business and technical training loans.

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David Bizley, technical director of the RAC, said the proposals were welcome but his organisation is keen to understand how traffic will be affected.

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The speech contained few new policy announcements but Mr Miliband did unveil proposals for a new qualification - the technical baccalaureate - to be taken at 18.

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Current proposals range from simply stapling a green card to the diploma of any foreign graduate to only for technical (STEM) PhDs.

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