A year ago Dave Clayton was one of the statistics. A young person with no job, no prospects & nowhere to turn. Now he runs his own business
House prices in the North have seen the steepest fall - with research suggesting the summer of sport maybe partly to blame.
A new report has revealed an alarming rise in the number of companies across the North East going to the wall.
A new plan published today aims to secure the future of Durham Tees Valley Airport.
Gregg Easteal reports.
Peter Nears, from Durham Tees Valley Airport, has spoken to ITV News Tyne Tees, saying: "All airports of this scale have faced a very difficult situation in the recession."
A master plan to secure the furture of Durham Tees Valley airport is being published today.
It includes a public consultation period of two months.
It comes just two weeks after it was announced there would be no charter flights operating out of the airport after this year.
A North East company has won a £35million contract to build bridges in Sri Lanka. Cleveland Bridge in Darlington will build 210 road bridges in rural areas throughout Sri Lanka to increase mobility and allow people to access markets and education more easily.
- New Employment Allowance will take the first £2,000 off the employer National Insurance bill of every company in the country
- Around 450,000 small businesses - one third of all employers - will pay no employer National Insurance at all after introduction of Employment Allowance in April next year
- Small firms will be given help through Government procurement budgets, growth vouchers and controls on regulators' charges
- The Capital Gains Tax holiday will be extended
- Corporation tax to be reduced by a further 1% to 20% in April 2015
- Small company and main rates of corporation tax merged at 20p
The former Transport Secretary, Lord Adonis, says the region needs much higher skill levels.
The Labour peer, who is reviewing the economic future of the North East, was talking to business and local authority leaders.
At a conference at the Baltic in Gateshead, he called for more apprenticeships and higher standards in schools to address the skills shortage.
Lord Adonis also said stronger partnerships between councils and the business community was vital for a successful future and new jobs.
Failed high street retailer Comet has set up a website for former Comet employees as well as those finishing work today.
The site, cometjobs.co.uk, offers a 'The Daily Jobs' email circular of vacancies, an employee help line, fact sheet and postings on the latest jobs with other retailers.