The head of the Arts Council has accused major record labels of not helping emerging artists by taking risks with A&R investment - after green-lighting a £500,000 grant for young musicians.

Alan Davey, chief executive of the Government and Lottery-funded organisation, told BBC Radio 4's Today programme this morning that UK labels "want talent to be delivered to them ready made and they're not prepared to take a risk over a long period of time investing in talent".

He added: ...