Pondering this on the train this morning.
My personal view is Labour will win the election this year, and will be able to keep the country treading water for a little while, but we will continue to get poorer as a nation and the decline will continue. I think there will be an exodus of skilled and younger people and we will slide into second world country status, leaving a tiny workforce struggling to support an enormous number of dependants. Perhaps it will right itself eventually, but not before 2060 or so.
Am I being too pessimistic?