George Osborne delivered his much awaited Spending Review to a raucous House of Commons today.

THE LEADER

ON ASSET ALLOCATION

The strength of recovery in the US credit market through 2009 was nothing short of spectacular.

Few would deny the economic power shift underway from West to East, and India (alongside China) is racing ahead with strong tailwinds.

After a positive start to 2010, risk aversion on the back of downbeat macroeconomic news has hit UK equities.

According to George Soros, often money is made by betting on the unexpected, as shifts in markets can occur suddenly.

ON NORTH AMERICA

ON UK INCOME

No-one should underestimate the significance of recent comments on economic policy made to scholars and businessmen by China's premier Wen Jiabao.