It’s B-day. Chancellor George Osborne will deliver his emergency Budget at 12.30, and you can get all the news and reaction here through the afternoon.

Sweeping cuts to public spending are expecting to be firmed up, with analysts predicting rises in everything from VAT to alcohol amongst what could be the most dramatic Budget in a generation.

Follow it all as it unfolds this afternoon at www.businesscar.co.uk, and on BusinessCar’s TWITTER feed.