Interest rates will increase no matter which government is in power (Labour/Liberal) but I believe that by labour now gaining control it will amplify the situation and result in a sharper and more powerfull increase in interest rates and inflation.
Labour will literally spend spend spend and we will probably see budget deficits (The best way to predict future behaviour is from past behaviour) and this is what the labour party always does.
Employment laws will go back into the dark ages and by trying to increase a few peoples wages by a dollar or two will have huge negitive impacts on unemployment. Employees will discontinue to employee people because of the red tape sinews attached and bosses will be very hesitant to hire new staff, This will lead to an increase in unemployment, less money in the ecconomy, more dole payments and repossessions.
Interest rates will skyrocket, the government will be broke and property prices will be forced down by a recession leading to many golden investment opportunities (if you didn't get capsized in the storm)
This is my prediction for the future, grim as it may be for some, but prosperous for people whom are prepared.
Now is a good time to start liquidating paper assets and have money in the bank.
