Iain Duncan Smith is expected to announce the formation of an early intervention foundation intended to encourage the City and local authorities to invest up to £10 billion in projects designed to prevent social breakdown.
It follows the recommendations of Labour MP and long-time campaigner Graham Allen who carried out a review of early intervention for the coalition.
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David Cameron has addressed Parliament for the first time since Britain voted to leave the European Union.
The FTSE 100 Index fell to 2.55% to 5,982.2 at the closing bell as the financial markets continued to experience Brexit volatility.
Prime Minister David Cameron has called his Polish counterpart, Beata Szydło, to express concern over reported attacks on Polish migrants.