Chancellor George Osborne's Spending Review took many people in the region by surprise.
Carlisle has been named an Enterprise Zone, which could bring thousands of jobs to the area.
Proposed cuts to tax credits have also been scrapped, and the Chancellor says there will be NO further cuts to the police budget.
Cumbria's Police and Crime Commissioner Richard Rhodes says he's "relieved" the force has been spared millions of pounds of cuts following the Autumn Statement.
Cumbria Police feared it would lose £11 million from its budget but Chancellor George Osborne announced yesterday the cut would not be going ahead.
The Chancellor's announcement that there'll be no cuts to tax credits has been welcomed by families in the Borders.
Find out how having a new 'Enterprise Zone' in Carlisle could boost business in Cumbria.
A summary of the key announcements from Chancellor George Osborne's Autumn Statement and Spending Review.