The Coalition seems to have accepted the basic parameters they inherited from the previous administration and sought to make savings within them rather than fundamentally recasting the way the public sector works.
Quite. And we aren't going to get very far with that kind of attitude.
Mind you, with Our New Coalition Overlords™ having approved NuLabour's plan to spy on our every single piece of communication, we'll probably not dare say so—for fear of falling foul of one of the control orders (which allow house arrest without trial) that The Coalition has also decided not to scrap.
So, Our New Coalition Overlords™ are not cutting government spending and they are not restoring our civil liberties either. How incredibly depressing.
Welcome to the New Politics: same as the old politics.