Live blog: Government spending cuts

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13:56 It is all getting back into the patomime politics of throwing insults and no substance now, so we are going to sign off.

For all the news, summaries and follow up analysis on the spending review click here.

Also let us know what you think of the new plans and how it will affect you and your business by emailing us at comments@itpro.co.uk.

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13:55 Osborne quotes Tony Blair, leaving a stoney faced Labour front bench.

13:52 He calls Johnson a "deficit denier." Not strictly true, we think, but not a lot of substance to Johnson's rebuttle.

13:50 Labour believes in a slower plan to solve the deficit to stop jobs being lost, concluded Johnson. Now it is time for Osborne to stand and reply.

13:49 "This spending review is not about economic neccesity, it is about political choices," says Johnson. Ok, Alan, tell us your plan?

13:46 Johnson says the NHS real terms increase in budget will be swallowed by the "top down" reorganisation of the health service.

13:44 "Spending does have to be reduced but the front line services on which people rely must be protected," says Johnson.

13:42 Expected job losses around 490,000, claims Johnson, and he quotes PriceWaterhouseCooper claiming it may be up to one million due to the impact on the private sector.

13:40 Now Johnson moves onto Nick Clegg saying "in between the ballot box closing and his ministerial car door opening" he changed his mind on how to reduce the deficit.

13:39 Spending review document now available online here.

13:38 Johnson now going back over what Osborne said as shadow chancellor in 2007. He apparently claimed the Labour party was spending too little and only changed his mind when Lehman Brothers crashed. Also he was calling for deregulation of the banks, not more, claims Johnson.

13:36 The biggest myth is the global economic crisis is the fault of the previous Government, claims Johnson.

13:35 Johnson claims it is some of the coalition's "ideological objective" to make the biggest cuts "in living memory."

13:34 Osborne has finished, shadow chancellor Alan Johnson takes to the lectern.

13:33 He concludes that a stronger Britian starts here.

13:32 Because of cuts in welfare and other savings, departmental cuts are going to be lower than Labour asked for - 19 per cent rather than 20 per cent. Huge jeers from the whole house.

13:31 Decisions taken today bring "sanity" to UK economy, says Osborne.

13:30 Tom Brewster writes about the fraud fighting tech boost here.

13:28 Long term investment in science, transport and green economy will help the country to not depend on one small section of the country, claims Osborne.

13:26 Major investment to London's public transport system and next week more details on UK transport will be released.

13:23 BBC licence fee frozen for the next six years and also will help fund superfast broadband across the UK.

13:20 Huge list of investments in green technology to make Britain a "leader in the green economy."

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