The major advantage is that you can install a lot more outlets using a lot less wiring.
The cables "loop in" and "loop out" of each outlet and carry on to the next outlet and then back to the MCB on the distribution board.
Power is fed to the outlets in 2 directions i.e. on both sides of the ring so the cable does not need to be as thick.
They're also used in Ireland too although in modern installations we tend to mix ring circuits with a lot of 20A radial circuits. As the plugs are fused individually a 20A radial circuit can supply quite a few sockets. From what I've observed most of the rest of Europe tends to use 16A radials, which are common in older installations here.
A more typical ring circuit:
fixed appliences are connected via a fused spur which looks like this:
The inside of a BS1363 plug: Note fuse:
[This message has been edited by djk (edited 12-02-2003).]