Whilst its certainly the case that the present "government" (which isn't any such thing in the usual and fuller sense or the term) seems incompetent and "failed" from the perspective of 99% of Blighty citizens/subjects, I feel that its a mistake to think that the so-called Conservatives (they're the very opposite of conservationists) have failed their own intentions. The intentions of most members of that political party are to destroy much of the status quo in favour of a transference of all powers to an elite of their own creation centred on international big business, finance capitalism and agents of those various ultra right global entrepreneurs who feel that their technophile dreams should be and therefore will be "the future".
Consequently its a mistake to think that Toryspivs "..... don't know what to do[about] Cost of Living, Climate Change.etc.". They're doing what they've always wanted to do in these and other current matters that 99% of us regard as clear and present dangers. They want to use those things as implements in their shock & awe strategy of destroying much of what-is so as to provide a blank slate for what they intend to impose, which is what they regard as a benevolent dictatorship but which we 99%ers will come to feel (literally, with out bodies) is just a bog-standard dictatorship of the familiar kind peppering human history.
The problem for the Conservative Party is that they don't have the heft of similar parties elsewhere, such as the US Repuglicans, who many Toryspivs attempt to emulate. If they've failed at anything in pursuit of their true intents, its a failure to gain enough skill with the post-modern controls employed by more successful would-be totalitarian political parties. They're not very good at mass media manipulation, despite having our rabid gutter press generally on-side. Their anti-social media efforts are amateurish. But they're learning all the time, witnessed by their general slide into performative ruthless and amoral attitudes and behaviours of every kind.
Bokum purged the Conservative Party of most One-Nation members some time ago. There's only a tiny few of them left as MPs. The various factions within that Nasty Party are currently battling for supremacy, which tends to see them take their eye of the ball of keeping power. But don't underestimate their ability to survive and prosper. They've been doing if for a long, long time, in any way they can.
Polls currently suggest we'll get another political party as government before too long. But I wouldn't pin too many hopes that they'll be truly concerned with the 99% either, going by their current signs and signals. Moreover, its not beyond the bounds of possibility that the current gang of spivs will come up with a manufactured issue that manages to sway sufficient of the stupider portion of the 99% to vote for them en-masse .... again. It's usually a war (hot or cold, e.g Falklands, Iraq; Islam, Europe) manufactured against some bogeyman "enemy without"; or the creation of a new "enemy within" (an ever growing list, including even "driver-persecuting" cyclists).