IPPR North predicts that unemployment with rise 9% this year in our region, meaning another 11,000 people will be out of work in the North East.
The IFS also pointed out recently that the majority of Government spending cuts are still to come.
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Pam Royle has been along to surprise this year's ITV Tyne Tees Fundraiser of the Year.
The breakthrough by Newcastle scientists could save the sight of thousands worldwide.
The touring stage show is on at the Empire and ITV Tyne Tees couldn't resist the opportunity to check out the fun and flares back stage.