Tories to fund 50,000 apprenticeships from bank fines

A Conservative government would use fines imposed on Deutsche Bank for its involvement in the rate-fixing scandal to fund 50,000 apprenticeships, David Cameron will announce later says the BBC

It comes on top of three million apprenticeships the party has pledged over the next Parliament if re-elected.

Mr Cameron is expected to say the scheme would “train young people and get them off the dole and in to work”.

Labour said the number of young people starting apprenticeships had fallen.

Liberal Democrat leader Nick Clegg, meanwhile, has identified a plan for economic recovery as a “red line” issue in any coalition talks. He called for a “Stability Budget” within the first 50 days of the next Parliament.