guess work of what might happen
to be honest most of the time 8 years is the most you get then you lose anyway. its rare for any party to be in more than that.
the above statement doesnt wash with me.
you get 4 years. do it right or better than the other lot you get 8.
just do it
Just do what?
Perhaps keep going as now, mild inflationary expansion without growth, declining employment and real wages, stagnation with growing poverty , hunger and unrest, leading to civil unrest, (see below), or
Massive cuts to fix the structural deficit, probably resulting in widespread poverty, hunger and unrest and a suspension of civil liberties for the 'temporary' (ha!) imposition of direct rule. Or
Borrow heavily for infrastructure projects and hope that the infrastructure repayment cycle of 10 to 15 years doesn't work this time (in a Gordon Brown "No more boom or bust" sort of way). When it does work as normal; devaluation, credit rating drop, massive cuts, (see above...)
These won't probably 'wash' with you either. So, do tell. In your opinion, what will give that Persil moment?
(Personally I'm coming round to the view that we should go bankrupt as a nation and start again: clean slate, new rules.

)