Not by a hair of my chiny chin chin....

[Fragony]

So you are restricting the argument solely to economic theories? Alright then, here are some things that New Labour have done from Blair and Gordon's administrations that are clearly right-wing:
1) Reserve Bank independence.
2) Increased fees to enter university
3) Welfare-to-work
4) Various privatisation programs (Including most recently talk of the postal service...)

A huge intrusive government costs a lot of money, has to come from somewhere.