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.
25 Nov 2011