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Friday, 10 September 2010

Spending Cuts affecting North East

Spending Cuts

Many people have asked "where will the axe fall?" Most observers are interested in which services and benefits will be cut. However, as the cuts draw nearer it is becoming apparent that certain regions of the country are going to be hit harder than others. Looks like the North and the Midlands will be hit hard as past governments have tried to stimulate growth in the region by increased spending there.

Manufacturing, traditionally a strong industry in the North and Midlands, has seen a bit of a renaissance of late but this is unlikely to be able to replace the money in the economy that is lost through public sector cuts.

If you are based in the North and rely on government spending for your business, now might be the time to seek advice..

Company Rescue North East

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