Riots are elsewhere: so thought Britain, till the hoods came out in London and beyond
Outlook
The riots in Britain, the worst for over a century, have come as a rude shock to the British. Until this week, the British had a cosy, self-satisfied feeling that things in their 'right little, tight little island' were in many ways much better than in other parts of the developed world. The economic downturn may have seen America's AAA credit status downgraded and several European countries in turmoil—this may yet befall Italy and France—but not Britain. The government has imposed painful cuts, but British political leaders have been confident that, in the face of the worst downturn since the 1930s, the country has avoided real trauma. Now that illusion lies shattered like so many shards of glass littering Britain's streets.
The riots in Britain, the worst for over a century, have come as a rude shock to the British. Until this week, the British had a cosy, self-satisfied feeling that things in their 'right little, tight little island' were in many ways much better than in other parts of the developed world. The economic downturn may have seen America's AAA credit status downgraded and several European countries in turmoil—this may yet befall Italy and France—but not Britain. The government has imposed painful cuts, but British political leaders have been confident that, in the face of the worst downturn since the 1930s, the country has avoided real trauma. Now that illusion lies shattered like so many shards of glass littering Britain's streets.
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