The age of austerity is dead. Mr Government Creosote is going to deny himself a wafer-thin mint! The money printing press is going to crank up the works and produce yet more magic money to spend on our bloated public services (that word public again).
If the country were an individual it would have been made bankrupt a long time ago but even with national debt 86% of Gdp we've got to bring austerity to an end.
Until we go to a system of private free banking,abolish the Bank of England and have a separation of finance and State the latter will continue printing money and the Ponzi scheme of public spending will roll on.