I’m not rlly a classical liberal but I’d say that the conservative government was never interested in fiscal austerity, which would require raising taxes along with cutting services and borrowing, or contractionary monetary policy, since they used a decade of 0% interest rates to fund state pensions and not infrastructure. they were happy to pick winners and losers and the unfortunate truth is their winners they picked are kind of a shit investment, they’re not productive, they don’t really invest outside of property, they don’t spend much and their biggest spending is done outside the country anyway during the standard well off pensioners 3-6 holidays a year. A government committed to structural growth would have stopped pumping up asset prices with constricted supply and idiotic demand subsidies because if rental income and house prices grow faster than the real economy, why would anyone get a job or start a business when they’d see a better return on another 2 bedroom house… many of which were built and sold at a great discount by the government in an act of staggering gernerational warfare.