Adam Parsons
5 live Wake Up To Money presenter

Help to Buy ISA...save £250 for a deposit, Govt provides extra £50. @AdamParsons1

A "radically more flexible ISA" is next on the list of announcements from the chancellor. In a big move to assist savers, he says from this autumn people will be able to take money out of their account and put it back at the end of the year without losing any of their tax-free entitlement. There's also a help-to-buy ISA on the way, he says: "For every £200 you save for your deposit, the government will top it up with £50 more. It's as simple as this - we'll work hand in hand to help you buy your first home."

George Osborne says the threshold at which people pay the higher tax rate is rising above inflation, not just with it. "It will rise from £42,385 this year to £43,300 by 2017-18," he says.

Evan Davis
Newsnight presenter

Silly to keep raising the income tax allowance, while leaving the national insurance one way behind. #budget2015

The personal tax free allowance is to go up to £10,800 next year and then £11,000 in the year after next - a tax cut for 27 million people, says the chancellor.

Image source, PA

The fuel duty increase scheduled for September is cancelled. The chancellor says it means the longest duty freeze in over 20 years and saves a family around £10 every time they fill up their car.

"You've forgotten to mention the Liberal Democrats," one heckler - who sounds like the party's veteran Bob Russell? - heckles.

Image source, PA

Tobacco duties aren't changing, the chancellor says. But beer duty is being cut for the third year in a row - another penny is coming off the pint. Cider duty comes down by 2%, as does the duty on Scotch whisky and other spirits. But wine duty is frozen. "More pubs saved, jobs created, families supported - and a penny off a pint for the third year in a row."

Aditya Chakrabortty
Guardian columnist

Difficult to see how Labour responds, given Osborne's retreat on austerity and his clothes-stealing. One guess might be... that EdM starts talking a bit more in next few weeks about the additional slack given by Labour's budget plans @chakrabortty, external

To support five million people who are self-employed, George Osborne announces, class 2 national insurance contributions for the self-employed are to be abolished entirely. And the annual paper tax return is to be abolished "altogether". That was the big story in this morning's papers and it's now been confirmed by the chancellor. "We believe people should be working for themselves, not for the taxman. Tax doesn't have to be taxing."

Laura Kuennsberg
Chief correspondent, presenter Newsnight

Labour front bench are looking very glum-Budget always v hard day for oppo as they get no notice but osborne overtly trying to snooker them

Patrick Wintour
Guardian political editor

Osborne has not just neutralised a Labour line of attack on future public spending post 17-18, but also the attack mounted by Lib Dems @patrickwintour

George Osborne says his oil industry measures amount to £1.3bn of support for the industry. He says the OBR's assessment is that it will boost expected North Sea oil production by 15% by the end of the decade.

As part of his package of measures helping the 'internet of things', George Osborne gets in a big joke at Ed Miliband's expense. To take a "ridiculous example" to demonstrate how this works, he says, "should someone have two kitchens they'll be able to control both fridges from the same mobile phone". Cue laughter... even from the Labour leader himself.

There was much pre-Budget talk on whether there would be help for the North Sea oil industry. And here it is. From the start of next month there will be a "single, simple and generous tax allowance to stimulate investment at all stages of the industry". There will be new seismic surveys in under-explored areas of the UK Continental Shelf. And, perhaps most importantly, from next year, the Petroleum Revenue Tax will be cut from 50% to 35% to support continued production in older fields.

Richard Westcott
BBC transport correspondent

we're going to back our brilliant automotive industry by investing £100 million to stay ahead in the race to driverless technology. #budget

On the creative industries, George Osborne announces a series of measures: TV and film tax credits are being made more generous, the video games industry is set for more support and a new tax credit for orchestras is to be introduced. "Britain is a cultural centre of the world and with these tax changes I'm determined it will centre that way," the chancellor says. He also has good news for the horse racing industry and says the government will look at ways to help the hard-pressed local newspaper world with tax relief.

Evan Davis
BBC Newsnight presenter

Lots of shout-outs to particular regions and nations in this speech #budget2015 @EvanHD, external

The chancellor rattles through some local announcements, including:

• Cambridge is to get a similar deal to Manchester on business rates

• The West Midlands' Energy Research Accelerator gets £60m

• A new rail franchise for the south-west

• Negotiations on the Swansea Bay Tidal Lagoon are to begin

• The Severn Crossing's toll rates are to be cut from 2018 -"a boost for the drivers of white vans"

The chancellor is talking about the devolution of powers to the regions. He calls an agreement with Greater Manchester on an elected mayor "the most exciting development in civic leadership for a generation, adding: "We have now reached provisional agreement to allow Greater Manchester to keep 100% of the additional growth in local business rates as we build up the Northern Powerhouse."