The current crisis in British VET (Vocational Education and Training) is explained in terms of the decline of opportunities beyond preparation for university for young people after school. The continuing large numbers of "NEETS" (those not in employment, education or training) is but one aspect of this problem: much larger is the decline in good quality VET opportunities for those who do not intend to go to university. A very important element in the problem is a misunderstanding of the relationship between Education and Training and a continuing preoccupation with a narrow skills-based form of training rather than vocational education. The distinction between training and VET is made clear and it is argued that, although training is an important element in VET, it is a mistake to identify the two. There are significant liberal and civic elements in any VET worthy of the name. There follows a brief review of British VET policy, which starts from the 1964 Industrial Training Act and goes on to follow the decline that took place in the 1980s and 1990s until the point at which it was realised that there was a significant problem with British VET. The article goes on to consider recent developments, culminating in the Wolf Report of 2011. The connection between VET and schooling is considered, as is contrasting VET practice in much of Europe. Finally policy options for VET in the UK are considered. (Contains 1 table and 1 note.)