Budget reaction live

So, our reaction to the budget as we are moved or otherwise...

12.45 Global, global, global... international regulation. Yes, get on with it, love.

12.53 Alistair Darling has just openly, on behalf of the Labour/Unite/Communist Party, declared open class war as one of the central planks of the General Election, using stamp duty as the vehicle for the warfare.

Even as we speak, journalists all over the country should be checking the value of homes of every single Labour MP.

Class warfare - so distasteful. One wonders why it hasn't be outlawed, like everything else the politically correct thought-police get their attentions on...

12.59 Do these borrowing and debt 'good news' bullet points not have an air of suspicion around them? We wait to see what the economic analysts say about them later.

13.01 Much laughter when Darling claimed he had not made his tax rise decisions based on dogma or ideology.

13.02 Cider drinkers being clobbered with a 10% above inflation increase in tax. Tobacco duty up - what a surprise.

13.05 While he trots out a few more tractor production statistics, we wonder whether he will mention how much our membership of the European Empire costs us..?

13.06 Onto cuts and savings. How about cancelling the Identity Card Scheme and scrapping all of these Government databases? No..? Thought not.

13.07 Regional warfare now - more relocation of civil services out of London. No doubt to struggling Labour constituencies.

13.09 Asset sales - Student Loan book, Tote and Dartford Crossing mentioned.

13.19 Green investment bank plans. Offshore wind turbines and windmills everywhere sounds to be the point of it all.

13.23 Pledges to support the computer games industry.

13.27 Announces Government ready to sign tax agreements with Dominica, Grenada and Belize - this will take place in the next few days. Labour benches loving this as it gives them much 'Ashcroft' hilarity. So, nothing political in this announcement.

13.30 Darling finishes.

13.32 Cameron begins response saying Labour's big idea is a copy of the Conservative's stamp duty cut. Cameron already has a batch of quotes to ridicule Labour hypocrisy. Cameron says Darling's hour long speech could have been delivered in one sentence. Puts the 'good news' on borrowing into stark terms, pointing out it's still utterly disastrous.

13.36 Cameron going through red book and pointing out a few facts and figures which contradict Labour boasts.

13.37 Cameron tells Darling that he should be ashamed of what Labour have presided over in the economy.

13.39 Brilliant. Cameron uses a Brown speech to bankers to marvellous effect, making it imply that he was intent on buggering up the British economy.

13.40 Cameron calls Labour plans to clean up the state of the economy 'pitiful'.

13.42 Cameron really giving a barn-storming performance now - he's ripping Labour a new one right across the board.

13.43 Cameron calls for Office of Budget Responsibility.

13.44 Cameron listing the many tax rises that are coming in under Labour. He calls them 'ticking tax bombshells timed to go off after election'.

13.45 Cameron calls for freeze in Council tax.

13.46 This speech from Cameron is utterly awesome. Cameron has finally come of age. And Cameron's speech probably just won the General Election with a majority.

13.47 Nick Clegg starts speaking - calls budget an 'obituary'.

13.49 Clegg says Labour's budget 'in denial of cuts needed' and consisted of 'insubstantial waffle'.

13.50 Clegg pledges to cancel biometric ID cards.

13.51 Clegg talks about the need for affordable housing and says budget will make life impossible for people on housing benefit in London.

13.52 Clegg lays into Darling's supposed national debt flurry of 'good news' reports and says someone massively in debt with credit cards isn't better off because their phone bill comes in lower than expected.

13.54 Clegg accuses Labour over failure to get banks lending.

13.55 Clegg says High Street and investment banks must be separated for good.

13.57 'So much for fairness under Labour' becoming a Clegg mantra on the issue of tax. Pledges LibDems will take people earning under 10K out of tax bracket.

13.58 Clegg concludes by saying today's budget was the budget of old politics and it is time for change.