Business leaders have given George Osborne's Budget a cautious thumbs up, but it's still unclear how far the North East will benefit
Steven Bruck, a partner at Blick Rothenberg Chartered Accountants, takes a look at the winners and losers of this year's Budget.
Osborne surprisingly had a fair amount of leeway in his Budget. But we have to set all this in the context of a very gloomy overall picture.
Join Helen Ford and guests for our political show Around The House.
A panel including North Yorkshire's Anne McIntosh and Bishop Auckland MP Helen Goodman will analyse this week's Budget. They'll be joined by the Westmorland and Lonsdale MP Tim Farron.
We'll also ask how the Government's welfare reforms could affect voters in the North East and North Yorkshire.
Starting next month, the Disability Living Allowance will be phased out, to be replaced by Personal Independence Payments.
People with disabilities living in parts of the North East will be among the first to be switched to the new benefit.
The Government says it will target people who are most in need; opponents say it will penalise the vulnerable.
On tonight's Around The House, Helen Ford is joined by Newcastle MP Catherine McKinnell and Skipton & Ripon MP Julian Smith to discuss welfare reform.
Derek Proud reports on the changes to disability payments:
You can see the full debate - and reaction to the Budget - on Around The House with Helen Ford tonight at 11.50pm on ITV
So, was this week's Budget downbeat or aspirational? Helen Ford is joined by MPs Helen Goodman, Anne McIntosh and Tim Farron to examine the state of the nation's finances, and the likely effect of the Chancellor's measures on us all.
You can see the full debate on the Budget - as well as analysis of welfare reforms that are about to be piloted in the North East - on Around The House with Helen Ford, tonight at 11.50pm on ITV.
Helen Ford presents our political programme from Westminster.
Tonight's discussions include the winners and losers from the Chancellor's Budget.
Also in the programme; welfare reform, including changes to disability payments that are about to be piloted in the North East.
Helen Ford joined MPs from around the region to find out their political reaction to the Chancellor's plans.
You can watch the full video below.
Our Business Correspondent Ben Chapman has spent the day gauging reaction to the budget announcement and joined Pam and Ian in the studio to explain what it might mean for the region's businesses.
You can watch the full video of that below.
The Chancellor has asked public sector workers to bear more pain for another year to help businesses and home-buyers get the economy going.
Thousands of civil service workers went on strike across the region as George Osborne announced a pay cap and more spending cuts in most departments.
However, he said the money would be used to create an 'aspiration nation'.
You can watch the full report from Dan Ashby below.
Brian Manning, chief executive of the Esh Group in the North East and ITV Business Club member, has been speaking to ITV News about today's Budget announcement.
We asked him if the Chancellor's focus upon housing and more people buying homes was something that he had been waiting for.
The Resolution Foundation, an independent research and policy organisation, analysed the Chancellor's 2013 Budget:
- Personal tax allowances: Small gains for the great majority of tax payers excluding the very highest and lowest earners. However three-quarters of the £1 billion goes to households in the top half.
- Fuel duty: The freeze on fuel duty will disproportionately benefit lower and modest income families.
- Childcare: Welcome increase in generosity of childcare support through Universal Credit but only a minority of working low-income families with children will benefit.
- Housing: Focus on new supply to be welcomed but focus on home ownership is unlikely to benefit those on low and modest incomes.
- Wages: OBR forecasts show wages have dipped further than previously realised. For the median worker, the downturn has become even more severe.