Exactly what kind of "austerity" do you think is happening in Britain? Government spending has gone up. Saying something doesn't make it true.
http://en.wikipedia.org/wiki/United_Kingdom_government_auste...
If the spending isn't going down that just means it's not working very well even for its stated purpouse, nevermind its damaging effects to the economy. More people will be falling on the social safety net programs.