Some other suggestions, The Home Service aren’t particularly young, but were a fine folk rock band from the ‘80s, great horn section.
Bellowhead are a high energy folk rock band with a huge number of members at any time.
Kate Rusby is a superb traditional singer.
Katherine Priddy is a very fine folkie / singer songwriter, she supported Richard Thompson on a tour a couple of years ago.
The Rails, folk rock husband and wife duo, Kami is the daughter of Richard and Linda Thompson, her husband James Wallbourne is also the guitarist with the current lineups of the Pogues and the Pretenders.
Kathryn Tickell and the Darkening, she’s a superb Northumbrian piper and singer with a really good band.
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I will get researching on this lot thank you, Bellowhead I do own, first 3 albums I think, preferred the first couple, really impressed by these. My friends wife has seen these on many occasions live.
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We saw KP supporting RT in York a couple of years ago. Both her albums are worth investigating.
The Rails seem to be on an extended sabbatical…
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I was at the same gig. 
I also saw her at Union Chapel earlier this year.
And yes to the Rails, they haven’t announced any news since Cancel the Sun came out around 5 years ago. They did play at Richard Thompson’s 75th birthday gig at the Albert Hall earlier this year, but with him, not as the Rails. (Kami on female vocals on Bright Lights, Richard and James sharing lead guitar and male vocals, Linda on backing vocals.) https://youtu.be/4rfce3YLqZw?feature=shared
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A young London band is Goblin Band. They start playing at 14 mins.
https://www.youtube.com/watch?v=WYvL5OCfMhc
They are on Bandcamp:
https://goblinbanduk.bandcamp.com/album/come-slack-your-horse
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Sort of keeping it in the family, possibly more of a country feel, son Teddy Thompson. The first track of Little Windows has a distinct Buddy Holly feel. Check his album list on his website, an impressive list of connections.
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