Clegg: £1bn scheme will 'provide hope' to young jobless

Deputy Prime Minister Nick Clegg has said a £1bn plan to provide subsidised work and training placements will "provide hope" to thousands of young people.

The youth contract scheme will give employers subsidies worth £2,275 to take on 160,000 18-to 24-year-olds, for six months, over three years.

Youth unemployment hit 1.02 million in the three months to September. Mr Clegg spoke to the BBC's deputy political editor James Landale.

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