Fortunately no VE shite here, it's largely abandoned studentville and a few non-student randoms.
For completeness I should mention the large linear bunting-fest round the corner on $posh_road, just outside barakta's current walking range.
I was out for a bike ride yesterday, and passed a great deal of bunting and occasional street parties. My general impression was that most were little clusters of middle class people who know their neighbours using it as excuse to do something less dull than
REMAIN INDOORS, and were a celebration of that special kind of not-even-ironic middle-English bunting-and-teacakes-ness that normally only gets organised for sporting events and royal weddings. Others were more specifically VE-day-themed, with Spitfires and Vera Lynn and such. I noticed a few people old enough to remember the war in attendance. And some were just neighbours having a party in their front gardens, without any real theme or decorations - I got the distinct impression that some were celebrating the impending end of the lockdown.
There seemed to be a wide variation in how central the union jack was to the decorations. Sometimes it was just a bit of bunting, often amongst more home-made decorations (particularly in the posher areas, where rainbows were also a central theme). Others had made a huge feature of them, in a way that's hard not to interpret as nationalistic.
Bonus points to the couple of houses whose decorations included a) French and b) Polish flags.
Nil points for upside-down union jacks (several) and England flags left over from the last big sportsball event.
(There was also a house with a creepy scarecrow of a nurse in the front garden. The Uncanny Valley supports our NHS heroes, or something.)