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@freddo
My guess is that austerity had a big part to play in removing the perceived rebalancing / restitution (retribution?) measures in society, which were necessary to ameliorate authoritarian attitudes sitting under the surface. In the 80's the UK chose to carry out a social experiment based on individualistic ideals (similar to the US), which meant not investing in education or social and collective responsibility. This experiment has now failed (or succeeded if you are especially wealthy and long to put the masses back in to serfdom).
Basically, it's Thatcher's fault.