it's true some things are just as bad, and the war in Iraq was a terrible idea (but the Tories would have done that too).
..but..
-working families tax credits etc
-more allowances for pensioners
-tax rates are lower for individuals (and I don't know about companies. )
-there is much less of what I would call "hate politics" - you know, blaming single mothers for everything and such. sadly it hasn't been eradicated though.
-nurses and teachers get paid more, and there is proportionately more money going into schools and hospitals
now, the cost of living has gone up a bit lately, but that's to do with the cost of oil. not really the government's fault, and nothing like the suffering caused by the really high interest rates of the late 80s.