Spending Review reaction: 'The US must follow our lead'

'Reassured', 'confident', 'positive' - just some of the words used by managers to describe today's Spending Review. Read on for full reactions…

Investec AM strategist Max King: "This sort of fiscal retractment will be positive for the economy over the medium to longer term. In the short term, it might slow the rate of growth, but we will still see growth. Employment is stabilising and even the high street on the increase "Over the longer term these cuts should be positive for the economy and will mean economic growth will be more aligned to the private sector, which is positive for equity markets. It will be negative for some stocks, but also positive for a number of others. "But for real sustained global equity and global bo...