On one level, it reads like right wing think tank propaganda, given that the conservative party didn't oppose many of the things labour did. Indeed, one reason labour won power was that it adopted conservative economic policy. Old socialist policy was never going to work. But, all of the things that set up the false economy was conservative doctrine. That is why "new" labour had business support and won. So, yes labour got it wrong, but the conservatives would have too. Conservatives love a property, borrowing and spending boom. Its how Thatcher made her name in the 80's. A British disease.

However, fascinating for me was the bit right at the end:

Where the general public is concerned, one of the most distressing features of Britain’s evolution over the last two decades has to have been the relentless spread of surveillance and coercion. Britain is plastered with warning notices, CCTV and speed cameras, and other aspects of the surveillance state. Government needs to start stripping away much of this panoply of surveillance and coercion, and to enshrine in law the primacy of individual liberties.

So presumably, part of their conclusion is that all this is actually damaging the economy. And, that conclusion was pre Snowden...