We are no longer a great power. We will never be so again. In a world of nearly 8 billion people, well under 1% are British.
We are a top second-rank power but, over the next half century – however well we perform – our small size and population makes it likely we will be passed by the growth of other, far larger, countries.
In recent decades, we have consoled ourselves that we “punch above our weight” in international affairs. I think that was true: but that was then, and this is now.
Our hefty international influence rested on our history and reputation, buttressed by our membership of the European Union and our close alliance with the United States.
Suddenly, we are no longer an irreplaceable bridge between Europe and America. We are now less relevant to them both.
From John Major's speech last night
Plenty for our Superpowers unit.