According to Vince
There is already a thread of anxiety running through the seasonal cheer and in the next 12 months we will see a dramatic deterioration in economic conditions.
The public mood will change as people gradually realise that we are in the economic equivalent of wartime.
He predicts for 2009,unemployment to reach 3m,house prices to fall much further,and a rash of big companies to bite the dust but also good news for those with decent employers and low debt and most of all
So don’t despair. At some point we will emerge from the economic gloom, although it is hard to predict quite when, and, provided we learn our lessons, we should be a stronger and better nation
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