I'm looking on the bright side. The last time the British economy really went in the tank the UK produced the Clash, Joy Division, the Pogues, the Buzzcocks, the, Smiths, the Cure, Happy Mondays, Stone Roses, New Order, XTC, the Jam, Psychedelic Furs, Madness, The Specials, The Beat, Gang of Four and Public Image Ltd.
So it's not all bad...