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Rachel Reeves, the Labour chair of the Business, Energy and Industrial Strategy committee, says the Budget offers "more of the same" and "does very little to help those struggling to get by".

Regarding economic growth she argues "we can only regard the Budget as a failure" given the downward revisions revealed today.

"This is worrying for standards of living and for public finances," Ms Reeves warns, arguing it will affect the government's ability to put money into education and the NHS.

BBC business presenter Rob Young has this handy cut-out-and-keep guide to the extra duty on new diesel cars:

The BBC's business, political and economics editors on the announcements in Philip Hammond's Budget speech.

ITV political editor Robert Peston asks:

The UK has dropped to the bottom of the G7 when it comes to growth - and "that is what post-Brexit Britain is going to look like" - says the SNP leader at Westminster, Ian Blackford.

This is "a threat to job prospects and living standards up and down the country", he tells MPs.

Mr Blackford welcomes the removal of VAT on emergency vehicles in Scotland, but attacks the government's failure to do so in 2015 when the SNP had argued for it.

"The VAT should never have been charged to Scottish police and fire, and the sole blame lies with the Conservative government," he says.

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The Budget speech has been delivered and the numbers are being analysed. What does it mean for you?

Reality Check

If you’re buying a house for £200,000 you will currently pay £1,500 in stamp duty. From midnight tonight, if you’re a first-time buyer, you will pay nothing.

However, the Office for Budget Responsibility predicted, external that would increase house prices by an average of 0.3% by this time next year.

That means a £200,000 house will become £200,600. So you might save £1,500 in stamp duty but that saving will be reduced to £900 because you’re having to pay more for the property.

The BBC's Political Editor Laura Kuenssberg gives her instant verdict on what came up in the chancellor's big speech.

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Online giants such as Google, Apple and Amazon will be forced to pay a tax on their digital royalties to further clamp down on tax avoidance and raise £200m a year, the Chancellor said.

From April 2019, Philip Hammond pledged to charge income tax on royalties relating to UK sales, even when they are paid to a low-tax jurisdiction and as such, would not normally be taxed in the UK under current rules.

The Government is also looking at a split VAT payment model to reduce online VAT fraud and improve how VAT is collected.

Low productivity in the UK is a "long term problem" and the government's long-term solutions - such as improving maths in schools and investing in transport - will help, says Treasury chief secretary Liz Truss.

Short-term steps such as freezing fuel duty should also have an impact, she tells the BBC.

While the news on productivity is "difficult", Ms Truss admits, the government is keeping within its public finance rules, while Labour wants to "increase debt", she says.

This Budget about investing in skills and helping people get on in life, the minister adds.

However, she was unable to pinpoint figures on affordable new and social homes.

Today presenter Nick Robinson tweets:

Economics correspondent Andy Verity adds:

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The Budget had a couple of big announcements for car owners.

The first was that fuel duty would be frozen again this year, while the second was higher taxes on new diesel cars.

Under the changes, new diesel cars registered from 1 April 2018 will be hit with higher tax unless they conform to the latest real world driving standards, the RAC says. "Current beleaguered owners of diesel cars can breathe a sigh of relief that they will not be punished further by the Treasury."

BBC transport correspondent Richard Westcott tweets:

Business presenter Rob Young tweets:

A spot of "backseat chancelloring", perhaps, from the previous incumbent, now with his editor's hat on...

Andrew Sentance, former member of Bank of England Monetary Policy Committee, tweets:

An at-a-glance summary of the key points of Philip Hammond's Autumn 2017 Budget.

The UK economy is now expected to grow more slowly for the next five years, averaging annual growth of 1.4%, according to official forecasters.

The Office for Budget Responsibility (OBR) says, external economic output will grow by 1.5% this year, down from an earlier prediction of 2% growth.

"The UK economy has slowed this year as households’ real incomes and spending have been squeezed by higher inflation," the OBR says.

The change in forecasts brings the OBR closer to the Bank of England's estimates, which predict growth of 1.6% this year and in 2018.

Jeremy Corbyn says the government has borrowed policies from Labour and "as socialists, we are happy to share".

But, reading from an email from one correspondent, he says public sector workers are underpaid, there are not enough GPs and nursing staff have been lost.

Labour is "waiting on the small print" on government spending, he says. But either way, it falls short of the investment Labour would have promised.

Reality Check

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The chancellor has announced his plan to build 300,000 new homes in England as part of his plan to make them more affordable.

This is accepted by experts as the number needed to meet demand, but there is doubt that this will make a significant difference to prices.

Christine Whitehead, professor of housing economics at the London School of Economics, says: "Most economic models suggest that even this level would be unlikely to improve affordability much."

Read more in this Reality Check article.