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.
More top news
Dominic Chappell, the man who bought BHS for £1 from Sir Philip Green, is to be prosecuted by The Pensions Regulator.
David Tremayne was looking to break the British land-speed record at Elvington near York when his car flipped.
A 23-year-old man suffered serious, but not life threatening, injuries to his head in the Felling area of Gateshead.