rosequartz You now say "I don't think I said that the financial difficulties were all of Labour's making."
It looked pretty much that way to me:
"What a legacy left to us by Labour" ........
"Lots of lovely hospitals, schools, prisons - all on credit ..... all of this seemed to be the ethos of Labour's 13 year administration", etc. etc. etc.
Well, during those 13 years a lot of mistakes were made and Blair fooled a lot of people. But there was nowhere near as much misery in the general population as there is now. There was a financial crisis - not only experienced in this country but across Europe and the US - and the Conservatives, as all politicians do, made political capital of it and managed to get enough votes to cobble together a coalition.
You may believe that the Conservatives were sad and worried about the impact of the financial crisis on this country. My feeling, however, is that they were delighted because this was their big opportunity to fulfil their stated wish to shrink the state and hand everything over to big business.
At first we were "all in it together". Like the "Big Society", that phrase isn't used any more because it's so patently obvious that we're not all in it together. Austerity was the path chosen because it fitted in with Conservative doctrine. It is a path that other European countries have also been forced to take, and it hasn't done them much good either. The Conservatives talk about creating more jobs than ever before, but it has been reported that 4 out of 5 jobs created since 2010 have been low paid. Low wages mean a lower tax take, less money available to spend, more unaffordable debt, more mental and physical ill health, more relationship breakdown, more pressure on the court system, more children in care, etc. etc. All these peripheral effects, apart from devastating ordinary lives, cost money and ultimately weaken the state as a whole.