After months of anticipation, speculation, and leaks Bull & Bear are relieved that Budget day is finally behind us.
The Chancellor has gone big on spending and even bigger on taxes, but she has at least doubled her fiscal headroom, prompting a sanguine response from the market.
Bear is pretty miffed by Ms Reeves's new 'Mansion Tax' and is less than impressed that rates liabilities for larger commercial occupiers, including retailers, are set to sky-rocket after the imposition of a new 'super multiplier'.
However, Bull takes a more measured approach to dissecting the Budget, focusing instead on the big picture implications for the UK property sector. If the Chancellor has indeed managed to calm the markets and pave the way for lower inflation, the Bank of England are increasingly likely to deliver a 0.25% cut in interest rates in December, with further cuts in 2026.
That may be just the early Christmas present the UK property market needs!