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Greggs share prices drop

Share prices for the Newcastle based bakers Greggs have fallen as a result of changes to the budget.

£30m was wiped from the shares following Chancellor George Osborne's announcement that VAT will be placed on hot take-out food.

18 pence will be added to the price of a 90 pence hot sausage roll as a result of the tax.

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Budget: Tax-free allowances

There's been criticism of George Osborne's decision to phase out age related tax-free allowances.

At the moment, people over 65 receive a supplement, on top of the allowance given to everyone else.

The Chancellor says no older people will lose money as a result of this budget. But, some people in Tynemouth think differently.

Call for Government to drop regional pay plans

by Gerry Foley, Westminster

The former minister for the North East Nick Brown has called on ministers to drop proposals which could open the way to local and regional pay settlements for public sector workers.

Speaking in the ongoing budget debate in the Commons, Mr Brown said their introduction would lead to unwelcome and unintended consequences. He also said it was a myth to suggest that higher public pay rates were crowding out the private sector locally.

Redcar waste site to close

Warrenby household waste centre near Redcar will close on 15th April 2012 as part of a number of efficiency savings proposed by Redcar and Cleveland Council.

From Monday 16th April residents can still take their waste and recycling to the Dunsdale site which is centrally located within the borough and with access from the B1269 Yearby to Guisborough Road.

The Council is facing unprecedented financial challenges following central government cutbacks imposed on local authorities and difficult decisions need to be made to balance the books. The closure of the Warrenby site will save the Council in the region of £250,000 per year and provide the opportunity to focus resources on the Dunsdale site to ensure we continue to meet the needs of our residents.

– Councillor George Dunning, Leader Redcar & Cleveland Council

The Dunsdale site will extend its opening hours as a result of the Warrenby closure.

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