I wish I could add more but you may be interested in an answer by /u/hillsonghoods

• Punk is a style of music that also incorporates a socio-political ethos, and it emerged on both sides of the Atlantic around the same time; were both groups responding to the same things in the larger culture? What provoked them? How analogous were 1970s New York City and London?

It deals with three countries, the US, the U.K., and Australia, and how they dealt with punk differently. Some of the follow up comments are worth reading, including my own way deep down in the thread, but top comment is the real jewel here.