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In response to the new sugar tax on soft drinks, AG Barr shares are down 4.9% and Britvic is down 2.5%, while Coca-Cola HBC has shed 0.6%.

Sugar producer Tate & Lyle is off 1.5%.  

House of Commons
Parliament

Deputy Speaker Lindsay Hoyle has to intervene as Tory MPs heckle Mr Corbyn. But the Labour leader continues: "It's a recovery built on sand on a Budget of failure. [The Chancellor's] failed on the budget deficit, failed on debt, failed on investment, failed on productivity, failed on trade deficit, failed on the welfare cap, failed to tackle inequality in this country." 

The chancellor has announced a 0.5% rise in insurance premium tax, with the money being spent on funding flood defences.

Unveiling the measure in the Budget, he announced new projects to protect five areas in Cumbria and Yorkshire.

George Osborne name-checks his Northern Powerhouse proposals as he announces the HS3 rail scheme and widening the M62 between Leeds and Manchester, and improved road links in the North Pennines.

He then joked the Crossrail 2 scheme for London would be welcomed by Labour leader Jeremy Corbyn to head south from his Islington constituency.

Mr Corbyn says that the Budget delivered by Mr Osborne was "the culmination of six years of his failures". He adds: "Growth is revised down last year, this year and every year that's forecast - business investment is revised down, government investment revised down."

The Labour leader attacks the Chancellor for helping the rich, privileged, and his "mates". It was a budget for hedge fund managers, Mr Corbyn says. "The poorest have suffered the greatest proportion of the losses. This Budget could have been a chance for real commitment to fairness and equality. The Chancellor has failed." 

It's Labour leader Jeremy Corbyn's turn now. "This budget has unfairness at its core," he says at the start. 

George Osborne's speech has finished. Plenty in there to digest.

The end of the 330pm school bell was confirmed by the Chancellor, with funding for activities including extra sport in England. Mr Osborne said he hoped the devolved regions would follow suit. 

He also said that fines from the Libor financial scandal will be used to help support children's hospital services in Manchester, Sheffield, Birmingham and Southampton. 

The Chancellor turns to something dear to many people's hearts:

• Beer duty and cider duty to be frozen.

• Duty on whisky to be frozen.

• Other alcohol duties to rise in line with inflation.

The Conservative government will spend more in real terms on disability payments than any Labour administration, George Osborne has said.

Delivering his Budget, he told MPs that the money would be "better targeted" at those who needed it most, and that the budget would rise by more than £1bn.

The Chancellor is freezing fuel duty. He says the move means a £75 a year saving for the average driver: It's "the tax boost that keep Britain on the move."

The chancellor announced measures in the Budget that he said would see "big tax cuts for small firms", with new rates for commercial stamp duty.

He said it followed the success of stamp duty changes announced in a previous budget for people buying homes.

A sugar levy will be introduced on soft drinks. It will come into force in 2018 to give the industry time to adjust, the Chancellor says. The £520m expected to be raised will be used to help support school sport. 

Insurance premium tax to rise by 0.5% to 10% with proceeds diverted to flood relief. The tax was already increased last year, from 6% to 9.5%. But insurance premiums have been falling after a crackdown on so-called "ambulance chasers" and personal injury claims.