The Tories have an open road ahead of them. Until at least the party conference season, Labour will be in disarray. This provides the Tory with a real opportunity to set the political agenda and lock in the 44 percent of the vote they achieved last night. Boldness now would be seen as a sign of confidence not panic.
Perhaps, the most important task for Cameron and Osborne is to set out how they would shift the tax burden from work to waste. A more detailed tax policy to go alongside the already impressive work the Tories have rolled out on education and welfare would give the Tories the core of an election-winning manifesto.