If we are then what are the benefits for us as a people of this Superpower? We are told that we benefit from trade deals here and there. But what is the reality? Are we as a population kidding ourselves that we are still a world power? Or is it more of an egotistical and superior belief that we are better than others who are not 'world powers'?
Earlier this year the Financial Conduct Authority (FCA) confirmed that 29 firms had applied for authorisation to become banks in the UK. This was a direct result of the regulator relaxing rules last year for new banking entrants so that it would be easier for firms to become banks, and helping to bolster competition in the market place at the same time.
In order to strengthen citizens' trust in democracy, there needs to be extensive and tightly enforced cooling-off periods between the time a person spends holding public office and their move to a job for a private company in a related field. We need to introduce such a cooling-off period across the EU; three years would be a reasonable minimum length.