2010 will be a tough year

Don't get too excited about next year. This will be the year of Austerity!
It doesn't matter which party wins the election, the need to pay off national debt will be upper most in any governments minds.
Labour just won't say it, as they are afraid of losing and the Conservatives are stating it because it has to be done.
As I have stated before, taxes will have to rise and threshold levels reduced.
Government spending has to be reduced so we will see levels of NHS, Educational funding at the very least frozen.
I belive estill that Sterling will go below party against the Euro and this will make it very attractive for exports to Europe, but this may take 9 months to effect.
I also think that we shall see interest rates going higher. This is not because of inflation, but a need to attract other sovereign investment in the UK and fast before we are downgraded which will have the saem affect on interest rates.

For the retail side, we should all pay off our personal debt as soon as possible to help the affects of higher interest rates.
The banks have really screwed up. We will not be spending on credit cards and having loans from banks as much, so their profits will begin to fall. It's about time as well.

I also see an uprising in the UK on a couple of fronts:
1.Cultural differences
2.Government wastage

Throughout Europe there are murmerings of dissent about being Politically correct and that Muslims are a minority. It is being realized that this is now no longer the case. There is a massive outflow of UK nationals now because of the dissent. However, I think that this will become a problem in-house. Economically it's a disaster as a few years down the road, the strain on benefits etc that the ex-communist nationals can take or pay to their families abroad is rediculous. All it does is take our money outside, while we can't get benefits ourselves!

Government wastage of our money is getting to silly levels. They are just as bad as the bankers. They are trying to find all kinds of ways to get expenses and in yesterday's news they may have a windfall of millions of pounds! How has that suddenly appeared when they are being asked to pay back expenses they fraudulently took??

I also see the collapse of the Euro and it's structure. Someone in the Central bank in Germany cannot create a rule and hope that it has the same affect in every country. No! they all have differences. The fact the the Eutopia was to have a single currency and the only difference between each country was inflation has failed miserably. If Italy pulls out now, then their debt to be repaid will be halved, so why stay in?? It has affetced Spain in a bad way as well with high levels of unemployment.

These are just a few thoughts and I will add more as I think of them.