Live updates

Advertisement

Traders to find new premises

InShop chain going into liquidation. Credit: ITV Tyne Tees

Retailers trading from inside shopping parades, known as InShops, have to find new premises before this Friday (January 17th) as the chain is going into liquidation.

InShop centres in Consett, Bishop Aukland and Thornaby on Teesside are all affected.

It means around 45 small businesses will close down unless they can find a new place to trade from.

ITV has tried to contact the owner of InShop's but they decline to comment.

Advertisement

New plan to secure Durham Tees Valley Airport

Taking off: Durham Tees Valley Airport. Credit: ITV News Tyne Tees

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.

  1. National

How the Chancellor's Budget plans to help business

  • 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

Lord Adonis says region needs higher skill levels

Lord Adonis says the region needs much higher skill levels Credit: ITV Tyne Tees

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.

Lord Adonis addresses business leaders Credit: ITV Tyne Tees

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.

Load more updates