Pretty much.
Their whole deal is “fiscal responsibility”, which apparently means applying austerity for about a decade and cutting huge amounts of public service budgets.
Mild tinfoil hat
Things like the amazing NHS end up underfunded (and leveraged as a bargaining tool, like when Brexit would give the NHS 350m extra per week). Obviously waiting lists get longer, some people maybe start seeking private care for some things. Then the Tories can turn around and say “the NHS is broken, people are using private care, we should sell off the remaining NHS and do the American thing. Think of the tax cuts!”. /Mild tinfoil hat
They also hate immigrants, want the old Rule Britannia/British Empire thing back, think dealing with climate change is untenable, a whole bunch of fun stuff like that.