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
Sunderland AFC legend Kevin Ball is backing the club's new campaign to support homeless young people who are in need.
The children on board were from Easingwold School and were travelling along roads affected by heavy rain and flooding after Christmas.
The walls had been closed to the public at the weekend amid fears of a collapse.