There's very little I can add. Osborne's 2013 budget is austerity-as-usual. The points I made on the occasion of the Autumn State in December(!) largely still stand, though I note his home equity scheme looks like yet another attempt to jumpstart a housing bubble. I wonder what part of the world and what kind of constituencies would benefit the most from it? Still, it will probably come to nought - this scheme's predecessor, 'New Buy' had the target of helping sell on 100,000 new homes in its first nine months. It managed a measly 1,500.
Allow me recommend you Boffy's take, The Third Estate, and three pieces from ToUChstone.
And here's a reminder of the time before Osborne became the tax dodger's worst nightmare: