BBC political editor Laura Kuenssberg reflects on the reaction to the Budget from the Conservative backbenches:

Personal finance reporter Kevin Peachey tweets:

Claire Evans, a tax partner at Deloitte, comments on the chancellor's measures that will raise £4.8bn in additional tax between now and 2022/23.

She says one proposal involves tripling the time limits for non-payment of offshore tax, meaning HMRC can impose back taxes for at least 12 years without needing to prove deliberate non-compliance.

"In other words, offshore tax is complex, people don’t always get it right despite their best intentions. It is difficult for HMRC to look back and recover tax further than four or six years (depending in the facts) unless they can prove deliberate non-compliance. This measure will lift the lid on greater potential for back taxes," Ms Evans explains.

Reality Check

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Remember the Help to Buy ISA, launched in Budget 2015? It offered a 25% government top-up on savings for first-time buyers costing up to £250,000 outside London and £450,000 in London.

It was originally predicted to cost the government £700m by next April, but only £77m of payments were made in the first 20 months of the scheme. The OBR now expects, external it to cost just £110m in the whole of 2017-18.

And the Lifetime ISA, which offered similar top-ups for retirement savings or house-buying savings, has had its predicted cost to government cut by 40% after a "sluggish" start.

What does productivity look like? Figures from the Office for Budget Responsibility and the Office for National Statistics show that UK productivity growth is slowing down, compared with other G7 nations.

House of Commons
Parliament

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Lib Dem deputy leader Jo Swinson says that although she doesn't always agree with the chancellor, he has been "one of the few voices of reason" in the Cabinet on Brexit.

"His attempts to paint a cheerful picture of the future were rather less successful than his jokes," she tells MPs.

Ms Swinson is critical of the fact that £3bn allotted to deal with Brexit is more than the additional amount announced for the NHS, which "tells its own story".

BBC business presenter Rob Young has been assessing the car industry's response to diesel tax changes:

BBC business reporter Simon Read answers your questions.

Lib Dem leader Sir Vince Cable says the chancellor's choices are "constrained" by circumstance and the productivity problem is "very serious".

BBC News Channel

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The London mayor has also criticised the chancellor's housing spending plans.

While he welcomed any help for potential buyers in the capital, Sadiq Khan says: "The idea that this is enough to fix the housing crisis beggars belief. We need to be building far more homes in London, far more genuinely affordable homes."

Looking at projections that a cut in stamp duty could increase prices further up the property ladder, he says: "What the government should have done today is to give financial support to councils and housing associations to build more homes in London from now.

"This demonstrates how out of touch the government is with the needs of Londoners - we needed a step change, and what we have is a drop in the ocean."

Reality Check

The Office for Budget Responsibility has changed the amount, external it expects the government to raise from the soft drinks industry levy - a tax on drinks with lots of added sugar - which is supposed to be introduced next April.

The OBR had previously said it would raise £520m in the first year, but has now cut that to £275m.

The reason? Apparently market research firm Mintel overestimated the level of consumption of such drinks being consumed in pubs, restaurants and cafes.

The Labour leader said the Budget announcement didn't do enough to help people out of debt.

BBC personal finance correspondent Simon Gompertz tweets:

Giving his verdict on the chancellor's plans, Plaid Cymru's Jonathan Edwards tweets:

BBC business producer Katie Hile, external is taking the temperature at the Office for Budget Responsibility, where chairman Robert Chote is looking at when - and whether - the UK can balance the books.

The OBR's lowdown on the UK's fiscal outlook is here, external.

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1. Stamp duty to be abolished immediately for first-time buyers purchasing properties worth up to £300,000
2. Economic growth for this year is downgraded from 2% to 1.5%
3. NHS services in England will get an extra £2.8bn to help deal with growing pressures
4. Universal credit: An extra £1.5bn is promised to "address concerns" about the benefits scheme
5. Jeremy Corbyn calls Budget a "record of failure with a forecast of more to come".

Times property correspondent Tom Knowles tweets:

BBC News Channel

London Mayor Sadiq Khan has been giving his reaction to the Budget:

Richard Westcott
Transport correspondent

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If you already have a diesel car, you won't be paying more. That's hardly a surprise, bearing in mind people were encouraged to buy diesels some years ago, to save the planet. The government was not about to slap a big tax on drivers who parted with lots of money in good faith.

From April, though, new diesel buyers probably pay more road tax in the first year. It depends on the emissions test that it had to pass, so ask the dealer before you buy.

The new tax rise will apply until about 2021, by which time all new cars must meet the tighter pollution rules.

And this only applies to cars - not vans or trucks. It's more of a soft, brushing nudge rather than a big push to persuade people away from polluting diesels.

Of course, there is a danger that it convinces drivers to keep their old, dirtier diesel, rather than buy a new, cleaner one.

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There has been little reaction to Philip Hammond's Budget on the markets.

The FTSE 100 share index is still 0.5% higher at 7,448 points - broadly where it was before the chancellor delivered his speech.

However, shares in Foxtons, the London-focused estate agent which is listed on the FTSE 250, are 6.6% higher, suggesting investors are welcoming the chancellor's stamp duty changes.

Sterling is up 0.2% against the dollar to $1.3268, but down 0.25% against the euro at €1.1249.