Jonathan Walker, the chamber’s head of policy, said time would be need to analyse the exact details of the annoucements.
“The increases in housing, innovation and transport spending are positive,” he said.
“We are also delighted our campaign for improvements to the A66 and A69 has been successful. This investment must now be made a reality to enable a more connected North-East.
“Tyne Valley companies and employees will welcome the proposed improvements which ought to bring benefits in journey times and reliability.
“The decision to give additional support to businesses which want to trade overseas with UK Export Finance (UKEF) should provide increased confidence to exporters. We have urged the Government to increase support to companies looking outside the UK for new markets and they have obviously listened to us.
“However more information is needed on spending programmes for infrastructure and housebuilding, as well as Local Growth Fund allocations, before we can fully assess the merits of the Autumn Statement.
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