7. More politicians would also slow down decision-making and hinder economic progress. It is businesses and entrepreneurs that generate the wealth need to be able to not only maintain international competitiveness, but also be able to drive forward local initiatives.

An Assembly will have no powers to give economic aid to business. It will not be able to create rent or rate free zones. It will not be able to set aside any rules or regulations from Brussels or Westminster. It will however, be able to produce more 'think tanks' and economic strategies.

There is no proof at all that an Assembly could improve the region's economic performance. There has been no reassurance that the regional development agency (One North East) would be given the freedom to function without being politicised by the Assembly.

A recent survey of London businesses showed their concern at their development agency coming under political control. There have been no convincing arguments put forward as to how an elected Assembly would ensure speedy decision-making.