Budget

The Conservatives has salted the earth for Labour through offering tax cuts when public services are decimated. It would also be a problem for the Conservatives if they won the next GE, but they know they're doomed and are focussing on the next but one election and trying to ensure there's only one Labour term.

It's not about what's best for the country, but what can get them into power down the line. Canny, but shows them for what they are. They say cost savings would reduce the pressure on public services, but Tory cost savings translate to complete closure of services that are much needed by those with the least.

However, the Labour Party seem reluctant to say it would borrow to get public services back on their feet, and I don't know why they're shying away from this.

The average person in the street doesn't give a fig about debt to GDP  ratio, or that it's pushing 100%. At the end of WWII the ratio was in excess of 250% (and we didn't finish paying for WWII till 2006), yet the government of the day didn't shy away from taxing or borrowing:

• The National Health Service (NHS): Launched in 1948, the NHS aimed to provide comprehensive healthcare, free at the point of delivery, to all UK residents. This represented a major shift towards a universal healthcare system, building upon earlier initiatives like the National Health Insurance Act of 1911. 
• The nationalization of key industries: Several industries, including coal, steel, railways, electricity, and gas, were nationalized between 1945 and 1951. This was motivated by a desire to rebuild the economy in the aftermath of the war and address social inequalities. 
• Expansion of social security: Existing social security programs like unemployment benefits were expanded, and new ones like family allowances were introduced. This aimed to create a safety net for citizens facing hardship.

Reducing NI does nothing for the vast cohort of pensioners who still work, as they don't pay NI; however, they're a prime cohort the Tories rely on for votes.