YESTERDAY the government's new independent fiscal watchdog, the Office for Budget Responsibility (OBR), confirmed the Treasury expects public borrowing to exceed 10% of GDP for the second year in 2010-11 and debt to rise to 74.4 % of GDP by 2014-15.Read
THE UK's manufacturing sector is strengthening with exports growing and the first rise in domestic orders in two-and-a-half years according to CBI's latest survey. However, output price inflation is rising and profit margins are coming under renewed pressure because of increased costs.Read
WITH the election just weeks away, the Chancellor delivered a clever, political budget. However, anxiety remains on how the deficit is going to be paid down, and the growth forecasts for 2011 and beyond are still on the optimistic side.Read
EVERYONE in the North East should be celebrating last week’s announcement that the Leaf, Nissan’s new model aimed at the consumer electric vehicle market, will be built at its hugely successful Washington factory, bringing more than £420m investment in the Sunderland plant.Read
THE CBI is urging the Government to use its last Budget before the election to set out more details of spending plans for Government departments in order to boost confidence in the UK's public finances and provide economic stability.Read
LAST Wednesday, the Government announced that it will lift the 100% guarantee on Northern Rock variable rate savings accounts in three months’ time. This represents real progress for one of the region’s key employers.Read
LAST week it was announced that successful bids for nine offshore wind farm zone licences within UK waters - including the Dogger Bank site off the North East coast - have been received by the Crown Estate.Read
Sarah Green is director of CBI in the North East. She joined the CBI after spending two years as internal communications manager for the North East regional development agency, One NorthEast. She is a qualified solicitor and has held senior posts in a range of organisations, including professional services firm Arthur Anderson and international law firm Clifford Chance.
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