I thought the budget was actually ok... yes the cuts will as usual effect construction BUT I am quietly confident we'll be ok.
I came home to find my parents who largerly dont have a clue on these things or an opinion actually offered one - they said they were quite please with it and suprised the cuts weren't a lot worse.
Very suprising the the usual targets weren't battered.
Personally on reflection I think they played it up as being the worst thing since sliced bread only to produce something half resonable.