Our Business Correspondent Ben Chapman has spent the day gauging reaction to the budget announcement and joined Pam and Ian in the studio to explain what it might mean for the region's businesses.
You can watch the full video of that below.
Business leaders have given George Osborne's Budget a cautious thumbs up, but it's still unclear how far the North East will benefit
Steven Bruck, a partner at Blick Rothenberg Chartered Accountants, takes a look at the winners and losers of this year's Budget.
Osborne surprisingly had a fair amount of leeway in his Budget. But we have to set all this in the context of a very gloomy overall picture.