Labour haven’t been in power for 12 years, so I don’t see how they can be afforded equivalent blame. There are global causes for financial imbalance, but that didn’t stop Tories from capitalising on Labour mistakes in the 2000s when the financial crash was global. The same applies now when the Tories have made an unforced error. Most other countries have managed to enact policies without worsening the situation, so they can’t palm away responsibility. Their supposed help with energy costs won’t wash when they put pensions at risk, make mortgages costly and reportedly cut benefits for those who need help the most with energy bills.
The do something argument also applies for net zero. We know we need to reduce carbon emissions, but wind and solar energy security has been lethargic. There has been a woeful reluctance to utilise nuclear, which would have helped a lot, but this doesn’t mean we should have done nothing for helping future generations with the effects of climate change.