Barclaycard offices in Thornaby where around 275 Firstsource staff, currently processing Payment Protection Insurance claims for the credit card provider, are expected to lose their jobs.
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People are setting their festive spending budgets higher in the NE than anywhere else in the country.
After a wet start to the Christmas week things will slowly improve.
Police are increasingly concerned for the welfare of Katie Free, a missing York teenager, due to a life threatening medical condition.