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13.40 Flash summary - there was an attention grabbing flourish at the end which will undoubtedly strike a chord - to help people save for deposits for new homes, but it seems likely most of the industry will take the view of Addleshaw Goddard (see 13.34 below), that it was fairly empty of genuine help for the sector. UK Green 好色先生TV Council, for example, have already called it 鈥渂arren鈥�. Now it鈥檚 time to inspect the detail of the documents, while the parliamentary theatre continues鈥�

13.39 Miliband stands up 鈥淣ever has the gap between rhetoric and reality been greater. This is a budget people won鈥檛 believe from a government they don鈥檛 trust.鈥�

13.35 Osborne finishes up 鈥淭his is a budget for Britain, thecomeback country.鈥� Osborne sits down

13.34 Despite that late flourish, it all hasn鈥檛 impressed law firm Addlesshaw Goddard, which has already pinged this.

Marnix Elsenaar, partner, head of planning at Addleshaw Goddard, says: 鈥淥ne of the crucial problems in Government policy is it remains wholly disjointed. There is no single economic plan uniting housing, health, infrastructure and education, despite the obvious need to understand where housing will go and what health and education resources will be spent near it. Transport has the potential to unlock great areas of regeneration 鈥� as we鈥檝e seen across London, but we need a cohesive plan that creates jobs and drives up productivity.

鈥淗S3 is all well and good, but will have little impact on the wider picture unless considered with other infrastructure projects going ahead across the country.鈥�

13.32 Here鈥檚 tomorrow鈥檚 front pages - and it鈥檚 partly on housing: A new 鈥淗elp to buy ISA 鈥�- designed to help people save for the deposit on their first home. Osborne says it works out as a 拢50 govt gift for every 拢200 you save. In addition there鈥檚 a tax free savings allowance - meaning most people will pay no tax on the money they save.

13.30 Osborne is finishing up with the expected pledges around increasing the personal tax allowance - which will help low earners, and thereby undercut Labour鈥檚 election strategy - and more pensions reform

13.29 In the northern powerhouse section, one key part I didn鈥檛 get to was the pledge to give greater manchester full rights to keep any increase in business rates. This is really important to generate cahs for regeneration, and Deloitte already reckons it鈥檚 worth 拢1.3bn to the city.

Here鈥檚 the statement. James Thompson, head of business rates at Deloitte Real Estate, says: 鈥淭he 10 authorities making up the Greater Manchester Combined Authority have a total Rateable Value of almost 拢2.75 billion which would generate around 拢1.35 billion 鈥� around 50% more than Wales鈥�The benefits to Greater Manchester of control of this funding stream will depend on the success of Greater Manchester鈥檚 economy and the level of autonomy allowed to the Authority to manage business rates.鈥�

13.28 Fuel duty cut 鈥淭hat鈥檚 拢10 off a tank with the Tories鈥�

13.27 Beer duty cut for a third year in a row. Duty on scotch cut by 2%

13.26 Here鈥檚 the expected announcement about abolishing the annual tax return

13.24 More knockabout politics - even Miliband smiles as Osborne makes a jibe about , tenuously related to support for investment in the 鈥渋nternet of things鈥�

13.23 I didn鈥檛 get time to write up Osborne鈥檚 pledge on children鈥檚 mental health services - EC Harris seems to think it鈥檚 important. Conor Ellis, Healthcare Sector Leader UK & Global at EC Harris, has pinged an email: 鈥淭he investment of 拢1.25 billion in children鈥檚 mental health is to be welcomed, and given the scale of need for this care group it should make a fundamental difference to another 100,000 children by improving access to, and scale of, local available services.鈥�

13.20 So far all of this has been pretty much as expected. It feels like Osborne is building up to something eye-catching at the end which he hopes will be tomorrow鈥檚 front pages.

13.19 Also confirmation, as expected, of discussions to begin on the 拢850m tidal lagoon

13.18 First 20 housing zones confirmed although not listed - except Blackpool

13.17 Confirming investment in 拢60m Energy ReserachAccelerator

13.15 HEre鈥檚 the infrastructure section. Osborne says that he鈥檚 publishing on Friday, as expected, detail about transport options in cluding HS3. Also funding for London land commission, for Brent Cross, for transport infrastructure, for regeneration. However, none of these investments detailed

13.14 In 15 years we can overtake Germany as the biggest economy in Europe.

13.12 拢15m church roof fund has been heavily oversubscribed - so Osborne says he鈥檚 trebling it

13.10 Osborne is starting to run out of time for big announcements - speech is around 40% run but nothing so far on construction specifically, the clamp down on umbrella tax firms notwithstanding

13.07 Here鈥檚 something: 鈥渃lamp down on umbrella companies while protecting those genuinely self-employed鈥� Not clear what this means - we鈥檒l have to wait for the budget documents, but it could mean more changes for those employing construction staff

13.07 So far this budget, as you might expect, has been very much about the Coalition鈥檚 record, with very little new

13.06 Rules out graduate tax on the basis 鈥渘either progressive nor fair鈥�

13.05 鈥渨e stand for opportunity for all鈥� - but still nothing specific on construction

13.04 Osborne says the richest have contributed most to reducing the debt. 鈥淚 said we were all in this together and here is the proof.鈥� Labour will undoubtedly respond will taunts about the top rate of tax reduction.

13.01 Osborne making a political point about not increasing spending 鈥淏ritain is on track - we must not turn back.鈥�

13.00 Administration cost of government has fallen 40%. Services, Osborne claims, have got better, not worse.

12.58 Osborne: 鈥淭he deficit falls to 4% then 2% and 0.6%. In 2018 19 will  have a budget surplus of 2%, comfortably meet fiscal mandate and run a surplus for first time in eighteen years.鈥�

12.57 This is a big surprise - national debt starting to fall as a share of national income a year earlier than predicted as recently as December鈥檚 Autumn Statement.

12.56 鈥淒ebt falls from 80.4% to 77.8% in 2017 and reaches 71.6% in 2019/20.鈥� longest period of debt growth since the 17th century ending.

12.55 Original debt target has been met - the national debt is starting to fall. 鈥淭he sun is starting to shine, and we are fixing the roof,鈥� says Osborne, refering to his original 2010 budget statement

12.54 Osborne promises to use receipts from the bank sales and lower interest payments to pay down the national debt

12.53 Announces a sale of further stakes in banks

12.52 Osborne reels off new debt figures, meaning lower debt interest - technical problems mean I will bring this to you shortly. Inflation forecast at 0.2% and revised down for future years.

12.50 Lindsay hoyle deputy speaker has to intervene to calm things down after Osborne makes a weak joke about debts racked up by Gordon Brown. The MPs are enjoying themselves

12.47 鈥淏iggest increase ever in the apprenticeship minimum pay rate rate,鈥� Osborne says, though he doesn鈥檛 give the figure

12.46 Real household disposal income per capita- 鈥渙n the latest data living standards will be higher in 2015 than in 2010.鈥� By 拢900

12.45 To cheers, Osborne says 鈥渢ruly national recovery鈥� means Yorkshire has created more jobs than the whole of France

12.44 Unemployment will be down 3% from the figure inherited from Labour, says Osborne. All part of the long-term plan for growth he says. 鈥淏ritain is working again.鈥�

12.43 National investment now growing faster than household consumption, and the north growing faster than the south, Osborne claims

12.42 UK 2015 growth revised up - from 2.4% at Autumn statement, to 2.5%, and falling to 2.3% next year

12.41 Doubling UKTI support for firms trading in China, as part of boosting trade with fast-growing nations

12.40 The OBR have revised downward the growth of the world economy, world trade, and growth in the Eurozone

12.39 First OBR figures: 2.6% growth in 2014. 50% faster than Germany, 7 times faster than France.

12.38 鈥淥ne more step on the road from austerity to prosperity鈥� First mention of the Northern Powerhouse

12.37 Osborne comes over all Renton (from Trainspotting) with a catchphrase 鈥渨e choose the future鈥� we choose jobs, we choose the whole nation.鈥�

12.35 Osborne adds - controversially - that living standards will be higher in 2015 than in 2010

12.33 Osborne kicks off by confirming the UK has grown faster than any other advanced economy, with more jobs than ever before. 鈥淭oday I report on a Britain that is growing, creating jobs and paying its way鈥�Britain is walking tall again.鈥�

12.32 Osborne rises to give the budget

12.27 David Cameron is currently still answering questions at Prime Ministers Question time, normally the parliamentary centrepiece of the week. However, on budget day, it鈥檚 just the preamble for the main event. Chancellor George Osborne is due to speak at 12.30.

11.45 Welcome to 好色先生TV鈥檚 coverage of today鈥檚 Budget, George Osborne鈥檚 sixth, and his final one as part of the coalition. In recent years the has tended to contain more in the way of meat for the construction and infrastructure sector, with December鈥檚 and the annual update centrepieces of the most recent one.

Construction and infrastructure

Speculation around today鈥檚 announcement is that there will be relatively little on infrastructure and construction 鈥� with the focus firmly on positioning in advance of the election rather than major policy shifts or capital spending pledges. The unavoidable fact of the election means that some of this Budget could, of course, turn out to be little but hot air, if it is not possible to implement it in advance of May.

In order to side-step this problem, Osborne is expected to use part of his set-piece speech to outline Conservative-only plans for a possible majority Conservative government after May, with the Lib Dems given a similar opportunity tomorrow.

Nevertheless, speculation is that improved economic forecasts will give Osborne somewhere in the region of 拢10bn to play with, and it is possible he may use some of this leeway to back further capital spend.

Housebuilding

In this context it seems unlikely that Osborne won鈥檛 at least mention housebuilding, Help to Buy and the proposed Starter Homes Initiative, as well as his focus on improving the UK鈥檚 economic infrastructure. Specifically, Osborne is expected to talk about his in the context of the Northern Powerhouse plans, in advance of a detailed report on route options to be published on Friday. The Times has also speculated today that he will .

Green investment bank

In previous Budgets Osborne has also promised to give the , which he set up in 2012, full borrowing powers to bolster its ability to invest. Many eyes will be on whether or not he delivers on that pledge.

I鈥檒l be updating this as we go along today 鈥� so keep refreshing for the most up-to-date news and analysis of today鈥檚 speech, which kicks off at 12.30. You can also follow progress on Twitter