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.
For the government it's a matter of policy, but tomorrow's Budget will have implications on ordinary people's pockets. Here's a preview.
430 jobs are to go at npower's Rainton site in Sunderland, while 520 staff will be transferred from NPower's payroll to another company.
The Thornaby call centre will close entirely, with its 500 staff offered employment instead in Sunderland.
Nestle has launched a project to employ 1,900 young people over the next three years, mainly at their sites in Newcastle and York.
Gregg Easteal has the details.
Offshore engineering firm OGN Group have confirmed a multi-million pound contract that will bring 600 jobs to Hadrian Yard in Wallsend.
Dan Ashby has the story.
OGN Group, the North East-based offshore engineering company, will create 600 jobs on Tyneside after winning a new multi-million pound contract with oil and gas firm EnQuest.
OGN will help rebuild one of EnQuest's 249m vessels. Once the work is completed, the vessel will then go to work in the North Sea's oil fields.
David Edwards, chief executive at OGN Group, said: “This project will have a significant impact on the North East economy, particularly in terms of creating employment and providing opportunities for the region’s high quality supply chain."
OGN Group, the North East-based offshore engineering company, will create 600 jobs on Tyneside after winning a new contract with oil and gas firm EnQuest. More to follow.
A buyer is being sought for Whitworth Hall Hotel in Spennymoor near Durham.
The popular wedding venue is operated by Whitworth Hall Country Park Limited, which was placed in administration on 18 October.
Administrator Andrew Haslam said: “Following the sudden passing of the managing director a few months ago, the remaining directors have continued to operate the business to the best of their ability, however due to the general economic climate, they have been unable to turn the business around.
"We are confident of finding a buyer quickly [and] have already received significant interest in the business as a going concern.
“In the meantime, we look forward to welcoming the wedding parties for the celebrations booked over the next two weekends and would like to reassure them and other customers that it is very much business as usual.”
Whitworth Hall Hotel near Spennymoor has gone into administration
The 29 bedroom hotel is a popular wedding venue and also has a deer park attached.
Administrators have been appointed.
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A learning factory has been set up by a charity aiming to tackle youth unemployment.
The Employability Trust, in Peterlee, offers work placements to 16-24 year olds, where they can gain manufacturing experience and the skills they need to find a job.
Some candidates have gone on to to employed by the Trust and many others have found work.
It has been set up by businessman Bill Marley, who says his aim is to inspire young people in East Durham.
The Trust supports young people who are not in education, employment or training by offering them practical experience and vocational work.
It is run from a warehouse in Peterlee and the charity bids for work from multi-national companies to cover its costs.
The man at the helm of a strategy to boost the North East economy, Labour peer Lord Adonis, says 'concrete steps' are being taken to make it a reality.
But his blueprint has been criticised by some Labour MPs as wishful thinking.
Helen Ford reports.
New research suggests parents are facing an increasing struggle to give their families a decent standard of living.
A study from the Child Poverty Action Group says it costs a minimum of £148,000 to raise a child to the age of 18.
The report blames rising costs, coupled with a squeeze on pay and benefits.
The Government says it knows times are tough, but is introducing measures to help.
Helen Ford reports.