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
£100,000 of vital maintenance work is being carried out on the Tees Barrage.
Alan Barnes, the Gateshead man given £330,135 by well-wishers after being mugged, plans to sell his home to move to the Shetland Islands.
Higher breakfast sales and a bigger range of healthier products helped it grow underlying profits by 51% in the first half of the year.