Public spending review. Initial reaction: A start, but not enough by any means

Not a bad start, but not a great one either. George Osborne is probably going as far as he can politically for now, but it won't be enough. There will have to be more to come.

But maybe that will work well. The UK has now clearly indicated its leaving of the motorway to finaicial ruin and is on the slip road to change direction.

Labour have the predictable default evil Tories reaction playing to their gallery. They accept none of their responsibility instead trying to blame the banks.

This is a dirty lie and abdication of responsibility that Coalition commentators needs to nail.