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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A look at the forecast for the Tyne Tees region
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Easington MP Grahame Morris has reacted with fury to reports the UK's only Government-run rail line will be taken over by a consortium.