Parents will be able to share up to a year's leave to look after their newborn children under "radical" reforms announced today.
Deputy Prime Minister Nick Clegg said that from 2015 the UK will move to a new system of flexible parental leave as part of a huge shake-up of current arrangements.
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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.