1350, PH: And that's Johnson finished now. Osborne is responding, but we'll leave the live blog there. Plenty more coverage on Coffee House soon.
1346, PH: Labour's method for deflecting the increase in the NHS budget is taking shape: Johnson claims that it will be swallowed by a "wasteful" reorganisation of the service.
1342, PH: Now Johnson is focussing on the figure of 490,000 public sector job losses. He says that welfare cuts will make it harder for them to find employment.
1342, PH: More gags than graphs from Johnson, at the moment.
1341, PH: Johnson observes that the people of Wales, Northern Ireland and Scotland don't back the cuts - "perhaps that's why [Osborne] calls himself a One Nation Tory."
1339, PH: A jokey response from Johnson. He enjoys, as he did last Monday, pointing out that Osborne supported Labour's spending plans until November 2008.
1338, PH: Johnson is pushing one of Brown's favourite lines: that we had the second lowest deficit in the G7 at the start of the financial crisis - shame we've got the largest one now.
1337, PH: Here's Johnson's new line: that the government are "deficit deceivers".
1335, PH: Johnson says that we're going to see the "deepest cuts in living memory," and that some of the government "want" this on ideological grounds.
1334, PH: And here's the actual finish. "A stronger Britain starts here," Osborne wags. Now it's Johnson's turn...
1332, PH: Osborne says that the average departmental cut will be smaller than the one that Labour accounted for in their Budget: 19 percent rather than 20 percent. This figure will need some looking at.
1330, PH: Overall, Department of Education faces cuts of 1 percent a year.
1329, PH: £2.5 billion pupil premium.
1325, PH: Osborne: "Even after these tough spending settlements, the country will still be spending over £700 billion a year."
1323, PH: Osborne confirms the BBC funding deal that we heard about yesterday evening: the licence fee will be frozen for the next six years, BBC will take over funding of World Service, S4C, etc. This is equivalent to a 16 percent cut for the BBC, says Osborne.
1321, PH: Defra faces cuts of 8 percent a year.
1320, PH: Green investment bank, wind farms, etc.
1317, PH: Vince loking pensive as his department's cuts are read out. 7.1 percent, mostly administrative.
1315, PH: £1.5 billion for the "victims" of Equitable Life.
1313, PH: The NHS will have to find savings of £20 billion a year - but it is still protected from the cuts, natch.
1310, PH: Child benefit changes will save £2.5 billion - over double the £1.1 billion that was quoted at the Tory conference.
1305, PH: Osborne's onto IDS's Universal Credit now, he says. £2 billion will go towards it, he claims. "The guiding principle will be that work always pays."
1303, PH: No more final salary pensions for MPs.
1302, PH: State pension age will rise to 66 by 2020. On public sector pensions, Osborne says he agrees with John Hutton that there needs to be higher contributions - and that these should be staggered so that higher public sector earners pay more. The government will decide on measures once Hutton reports in the spring.
1301, PH: Osborne claims that, in cash terms, the better off will be hit by these measures more than the least well-off. This is the kind of analysis that set up an alternative analysis from the IFS a few months ago.
1300, PH: An extra £900 million to tackle tax evasion and fraud - Osborne says this should pull in £7 billion.
1257, PH: The Blame Labour theme is going strong. Osborne says that he can "understand why the public are angry with the banks that the previous government didn't regulate properly."
1257, PH: A stuttering cough has entered Osborne's delivery.
1256, PH: Osborne says that there is "nothing fair about running huge deficits," and quotes one Gordon Brown to the effect that bad public finances affect the poor the most.
1254, PH: Justice department will face cuts of 6 percent a year. Law officer's department to lose 24 percent over the Parliament.
1252, PH: Osborne: "No public service can avoid reform."
1251, PH: The international aid budget will rise to £11.5 billion - helping to halve malaria deaths. Osborne says that we, as a country, can "hold our heads high."
1248, PH: One of Osborne's goodies: an extra £2 billion for social care.
1247, PH: Osborne says that there will be a "massive devolution" of financial policy. Not only is that localism in action, but it means that councils will get more responsibility for the cuts.
1246, PH: Good post-bureaucratic stuff from Osborne, as he says the government will expand the use of personal budgets - in many cases, this produces more tailored results at lower costs.
1244, PH: We're all in this together - even the Queen. Osborne confirms that Royal household spending will go down by 14 percent.
1243, PH: Laughter from the Labour benches as Osborne mentions funding for Big Society projects.
1243, PH: There's the OBR figure - 490,000 public sector job losses - but Osborne stresses that more jobs will be created, and that many of the losses will come because of natural turnover.
1239, PH: Capital spending will be £2 billion higher each year.
1238, PH: Osborne's getting in to the meat now. He says the (erm, fictional) "Department for Debt Interest" will be one of the biggest losers - losing £5bn over the course of the Parliament. This, Osborne points out, "could pay for 16 hospitals".
1238, PH: Claim that current spending totals will be the same as they were in the Budget.
1236, PH: The Chancellor stresses that the government will not shy away from the task: "We will not return to the brink of bankruptcy"
1233, PH: The words "necessary" and "unavoidable" have already cropped up a few times. Osborne is speaking with a determined staccato.
Stay tuned for live coverage from 1230