Apprenticeship funding, surprise retail rises, and costly Spanish debt - here's your need-to-know business news roundup.
Businesses will be encouraged to bid for new apprenticeship funding under plans to be announced today.
The government will make £250 million available for new apprenticeships in an effort to combat rising youth unemployment. [Telegraph]
UK retail sales rose slightly during October, according to new figures from the Office for National Statistics.
Sales increased by 0.6 per cent, but longer-term results remain broadly flat. [BBC]
Spain was thrown further into the European spotlight this morning after the cost of its debt spiked.
Spanish bond yields hit 6.975 per cent – dangerously close to the 7 per cent level generally considered unsustainable. [Guardian]