British Sterling in Trouble

The nation of England has seen an immense amount of trouble in recent days; the city of London has been subject to looting and mass riots. These acts have caused many investors to doubt the stability of the country, and the Sterling has dropped against other majors on the online forex exchange. The country has been instituting very unpopular austerity measures lately, and while this has been good for investors, it is now turning sour. The youth in the nation are beginning to see closures of youth programs and other services, and as a result the youth have begun wandering the streets aimlessly. This huge influx of bored teens and other young adults has resulted in a wave of crime around the city of London.

Unlike America England has very few guns, so the violence in the city has consisted of fists and knives. This unique type of violence is still causing deaths in the area, and has resulted in various “knife stashes” throughout various London boroughs. This new epidemic of violence in London has been responded to with budget cuts instead of fresh ideas, and while this is good for the economy in the short term, there is a long-term powder keg being built. There needs to be credence paid to this new problem, or London, and England as a whole are going to be in serious trouble. There has to be a complete overhaul of the current system, or there will be continued violence, and it may spread to more rural areas of the country.

England has had a very strong currency up until now, but if things continue to worsen it will surely slide against the majors. There must be a way to balance rigorous austerity measures with the need to keep the fabric of society intact. Riots and acts of violence that occur on a consistent basis will always hurt commerce, and such damage will inhibit the progress of the entire economy. This type of disruption is what has caused countries like India to have a slow ascent from its status as a third world nation, and the violence in Greece has made it a virtual “ghost town” where investors are concerned. The last thing England’s economy needs is continued violence, and even if the cost is substantial it will be worth it. Continuing to neglect to address this problem will only cause it to worsen.