Its all PFI style contracts for private business investment. This costs a lot more in the long run because they have to guarantee returns. Needing private investment is also why they are going back on workers rights
I have a similar story, I was awoken on that fateful day from my hungover slumber by someone screaming in a thick french accent "your country is f***ing stupid!" when the realisation hit it was so so bleak.
Then watched a depressed Damon Albarn on the pyramid stage which compounded the misery