So what did the pre-budget report mean?

Tweets from Faisal Islam’s brain:

“First considered take: This budget is a continuation of tax and spend. Treasury chosen to tax more but not pay off deficits at all #c4budget 3 minutes ago from web”

“Vince Cable: Economy was built on sand, being rebuilt on sand. Good point. #c4budget”

“Diff between Tories and Labour. Lab will ‘halve’ deficit over parliament. Tories will cut ‘a large part’ of it – ie more than half #c4budget”

“So is Mr Osborne: going to eliminate the structural deficit over 4 years rather than 8? Thats double the spending cuts #c4budget”

“Ha! Tories have bought Google adwords such as Budget and Treasury that link to the conservative website. cunning. #c4budget”

“The killer rabbit ‘Reverse Rabbit’ out of the hat — additional 3bn Nat insurance tax rise #c4budget”

“There is really no excuse not to have a spending Review at the same time as the Budget now. #c4budget”

“Fiscal non-event. no real change to deficits at all … actually borrowing up slightly over 4 years despite higher oil/stock mkts #c4budget”

Tweet your questions and comments including #c4budget in the Tweet – we’ll be monitoring them throughout the afternoon and putting a selection to our economics correspondent, Faisal Islam (@faisalislam).