James Mills is a web developer in the North East of England and founder of Refresh Teesside »
Mike Hughes is the Head of Business for the Evening Gazette. He will be blogging on all matters of importance to Teesside businesses - and some that are just worth knowing »
Jez Davison, business writer at the Evening Gazette, is a regular blogger on all things business - particularly finance, entrepreneurship and the state of the Teesside economy » 
Karen McLauchlan is the Evening Gazette's deputy business and features editor - with special interest in all things industry, property and arts related » 
Jeremy Middleton is a venture capitalist and the co-founder of FTSE-200 company HomeServe » 
Deloitte, which has 23 offices across the UK including Newcastle, is among the country's leading professional services firms » 
ClimateNE & Climate Change Schools Project support the move to a low-carbon, resilient economy and help businesses avoid risk and realise commercial opportunities. Posts by Jen Atkinson, Krista McKinzey and Harriet Thew » The size of today's interest rate cut has taken almost everyone by surprise, but it is to be hoped it produces the desired positive effect on consumer spending and investment.
As NECC's vice president Martyn Pellew said earlier today, there are many exciting investment projects in the pipeline for the North East including in the processing and ports sector. Hopefully these have been brought a little closer by today's announcement.
Martyn went on to say that banks, businesses and the public all need a confidence boost at present, which the MPC has gone some way towards providing.
But the MPC can't do it all on its own and the Chancellor needs to deliver a fiscal stimulus as well when he makes his Pre-Budget Statement later this autumn.
We wrote to him this week and it will come as no surprise that removal of empty property rates was high on our list of requests.
Revisiting capital gains tax and resisting the planned further increase to small business tax rates would also be welcome.
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