Rachel Reeves' first fiscal statement was relatively benign for existing homeowners, but for renters and wannabe first-time buyers it was a bleak budget of unintended consequences that offered nothing to temper the housing affordability crisis raging in the capital.
The property industry was collectively expectant that this autumn statement – the first to be delivered by a Labour government in 14 years – would target rich property owners and second homeowners and prioritise the delivery of social housing stock.
