The Ministry of Justice has confirmed four 'mini-prisons' – being built to create 1,200 new places at HMPs Parc, Peterborough, the Mount and Thameside - will be accepting prisoners from September 2014.
The confirmation comes as it was announced by the Ministry of Justice a further four prisons are to due close, as it confirmed plans to build two new "super" jails in England and Wales.
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Chancellor George Osborne will seek to reassure financial markets on Monday morning following Britain's decision to leave the EU.
In his first outing since the referendum result, the lead Leave campaigner has outlined his vision for a post-Brexit Britain.