"Lets face it we are no longer a rich super power"
Well, let's look at the facts - my source is the Credit Suisse research institute's wealth report for 2012.
Around 1985 UK wealth embarked on a period of sustained growth fueled by a robust housing market and good equity returns, which culminated with the financial crisis in 2007. At that time, the increase in the wealth-income ratio exceeded 9, the highest level recorded for any country except for Japan.
At about 20% of net worth,our level of debt is not exceptionally high by international standards. The current pattern of wealth distribution in the UK is typical for a developed economy. Slightly more than half the population has wealth exceeding USD 100,000, and there are 1.6 million US dollar millionaires. Also, 2.7 million people in the UK are among the wealthiest 1% in the world. The UK is currently fifth in the world GDP ranking. That makes us a rich nation by any standards.
Super power? That normally means military strength, and by that standard there is currently only one nation that officially ranks as a superpower - the United States. China is ranked officially as a 'Great power' (potentially a superpower), and we come in third place, also ranked as a 'Great power'.
According to the Stockholm International Peace research institute we are the world's 4th biggest military spender, our military budget in 2011 was 3.6 percent of the global total. In military terms,contrary to what a lot of people think, we punch well above our weight.