The latest jobless figures show that the number of people out of work in the region has gone up by 1,000 in the three months to May. More than 127,000 are now out of work and claiming benefits, representing 4.6 per cent of the workforce.
A tourism business owner says the so-called Gove Effect is forcing her to sell off her holiday cottage.
Sarah Kitson from Lamerton near Tavistock says tougher rules where parents are fined for taking children out of school have had a drastic impact on holiday bookings.
It used to be from Easter til October we'd be fully booked but now we've got huge gaps. I've just had three weeks gap in a holiday cottage in Newquay, and it's just not worth keeping the holiday cottages running anymore as a holiday let business.
The rules brought in by Former Education secretary Michael Gove in 2013 mean parents can be fined £60 a day for taking their children out of school to go on holiday, or even prosecuted for it.
A recent report by the Tourism Society Westcountry said it's costing the industry £87 million a year.
The Tourism Society Westcountry and Visit Cornwall now calling for holidays to be staggered like in other European countries.
Low-paid workers in the region could be getting a pay rise, as a compulsory living wage was announced in today's budget.
Chancellor George Osborne announced a new National Living Wage of £7.20 an hour for all over 25s next April. This will then increase to £9 an hour by 2020.
However he also fleshed out huge cuts to the welfare budget. Some people will see benefits frozen and tax credits cut.
These measures include a reduction in the benefit cap for households, an end to housing benefit for 18-21 year-olds, a two-child limit for child tax credits and a freeze in working age benefits for four years.
For more on what this means for you and your family, tune in to ITV News West Country from 6pm tonight.
Chancellor George Osborne has announced a "massive £7.2 billion investment" in transport in our region.
Cornwall could have more power to make local decisions in the future.
The Chancellor has announced in today's budget that the government is "making progress" on a plan for greater devolution to the region.
Shops could be open longer at the weekends in future. The Chancellor has announced that local authorities will have the power to relax Sunday trading laws.
Political Correspondent Romilly Weeks says:
Lots of prepping the ground here for the welfare cuts - "Britain has left age of irresponsibility behind" etc
The NHS will receive an extra £10 billion a year by 2020, George Osborne said.
ITV News Health Editor Rachel Younger tweeted:
Osborne says "our priority is the NHS" and reiterates Tory election pledge of an extra £8 billion a year for the NHS by 2020
Rises in public sector pay will be restricted to 1% per year for the next four years, George Osborne has said.
The chancellor George Osborne is expected to announce £12 billion in welfare savings in his summer budget this lunchtime.
In the first all-Conservative Budget since 1996, Mr Osborne is expected to make cuts in benefits for social housing and tax credits, whilst raising tax allowances.
Anti austerity campaigners say they fear the vulnerable will be worst hit. A mass 'die-in' is being held on Truro's Lemon Quay at 5.30pm by the People's Assembly Against Austerity to highlight the impact of more cuts.