Eight out of ten businesses in the region have no confidence in the Chancellor, George Osborne, according to an exclusive survey by ITV Tyne Tees & Border.
The software and business services firm Sage carried out the research among 758 of its customers nationwide.
Of those surveyed in the Tyne Tees & Border region:
- 81% say they have 'no confidence' in George Osborne
- Only 9% say they're 'impressed' with the government's handling of the economy
- Just 19% believe that Britain in 2012 is a good place to start a business
But the results also point to growing confidence in the economy. More firms are expecting to create jobs than cut them in the remainder of this year, and 45% of firms say they're 'optimistic' about last few months of 2012.
The business people surveyed said cutting taxes and red tape, reducing VAT and action to force banks to lend to small firms were at the top of their wish list from the Treasury.