Predictions are for mugs, so here are the ‘known knowns’ of 2014

PREDICTIONS are a mug’s game. So, instead in looking forward to the unknowns of 2014, it’s better to consider the pertinent knowns. Here are seven of my markers for 2014:

1. Austerity will continue until morale improves

Almost everyone has taken a financial beating during the last five years, with notable exceptions among the super-rich. That will continue, as the Government continues to balance the books. The Troika’s power may be reduced, but if the Government is back on the markets it will have to be disciplined in its budgets to borrow at an acceptable rate.