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“We are already taking action by bringing forward the biggest youth employment reforms in a generation to create 500,000 opportunities for young people, including a Youth Jobs Grant for businesses…

The FTSE 100 closed down 79.05 points, or 0.8%, at 10,425.96.

Having a million young people aged 16-24 not in education or work is estimated to be costing the UK around £125 billion a year.

The number of people aged between 16 and 24 and not in employment, education or training, so-called Neets, rose to 1.01 million.

Changes to the price cap from July amount to an increase of £18 a month for the average household using both electricity and gas.

Customers of the bank can join a waiting list for the mobile service that is built on the Virgin O2 network.

People are already struggling to pay their bills at the lower rate, charities have warned, after a 13% price hike was announced.

The biggest risers on the FTSE 100 were JD Sports Fashion, up 4.14p at 85.42p, Marks & Spencer, up 15.1p at 363.6p, Burberry, up 36p at 1,192p, Intercontinental Hotels Group,…

Anne Keast-Butler gave the inaugural GCHQ annual lecture at Bletchley Park on Wednesday.