Small businesses will get £2,000 off the cost of their tax bill on people they employ, the Chancellor has announced.
He says it will help small firms who are thinking about taking new people on to go ahead and do it.
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.