Friday, June 18, 2010

Severe Austerity

Expect some severe tax rises in October budget.
The situation is becoming bad in Europe and it hasn't really hit home yet.
UK will not want to get caught up with them. I expect that the UK will in fact be in a better state when it is unleashed in Europe.
People should pay off debts fast and stop taking holidays they can't afford eventhough they haven't been away for a couple of years or so. Become liquid as much as possible.

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