UK unemployment continued to rise in the three months to July, with those aged between 16 and 24 seeing the biggest drop in employment, according to new data from the Office for National Statistics (ONS).

The majority of investors were expecting yesterday’s figures from the Office of National Statistics to mark the start of a recession and more than two in five think it will be worse than the financial crisis, according to a new survey.

The Bank of England said it expects the economy to shrink by 9.5% in 2020, less  than the initial estimate of 14%.

Chancellor Rishi Sunak’s £2bn job creation scheme could be an excellent way for young people to discover the attractions of joining the Financial Planning sector, according to the Personal Finance Society.