Of course the U.K., and its component parts, should seek out as many connections with as many parts of the world as is profitable and feasible. But to play any kind of global role effectively, the U.K. is likely always to require allies within its own continent, and far more enterprise needs devoting to this.
London is not just an international financial centre: it is also one of the most ethnically diverse places on earth. Three hundred languages are represented within its boundaries, and - as is true of some other English cities - more than half of London's inhabitants describe themselves as non-white.
For good or for ill, Britain is in some respects moving away from a prime-ministerial system towards a presidential one. This is emphatically not, as is sometimes argued, simply a function of Tony Blair's personal ambition. The shift towards a more presidential style was already visible under Margaret Thatcher.
In the past, Britons were scathing about the cruelties of the old Roman empire and the excesses of Catholic empire builders such as the Spanish and the French. They convinced themselves that their empire was different and benign because it rested on sea power and trade rather than on armies.