Students will be awarded the grades predicted by their teachers for their A-level and GCSE results as the government scrapped the controversial Ofqual algorithm that saw nearly 40% of results downgraded.

After initially standing by its system, the government bowed to pressure from furious students and MPs. However students will be allowed to keep their algorithm-calculated grade if it is higher.

Ofqual chair Roger Taylor apologised, saying it "simply has not been an acceptable experience for young people".

SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews

Follow us on Twitter: https://twitter.com/skynews

Like us on Facebook: https://www.facebook.com/skynews

Follow us on Instagram: https://www.instagram.com/skynews

For more content go to http://news.sky.com and download our apps:

Apple: https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8

Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB

Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog