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Meanwhile, America's overseas commitments are almost as demanding as ever.
It's not just in our overseas commitments that we lack the ability to make strategic choices.
But today's donors have impact because Washington is pulling back from overseas commitments and aid to poor nations has plummeted.
From Drake to Nelson and even in the aftermath of 9/11, British overseas commitments always had one foot planted in European heartlands.
There are one or two quasi-political poems, in which Mr Larkin scorns an England that abandons its overseas commitments for lack of money, or ruins its countryside.
Like the empires of Venice, Spain, the Netherlands and Austria before us, Britain no longer has an economy large enough to finance our ambitions and overseas commitments.
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The unending war in Afghanistan is rapidly being transformed into Obama's version of the Iraq debacle, with a growing proportion of the electorate losing faith in this costly overseas commitment that has become the center of gravity for Obama's war on terror.
Several voices were quick however to exploit underspending on flood defences to attack overseas aid commitments.
Gordon Brown has made valiant efforts to build a legacy of caring for the poor in developing countries by prioritising debt cancellation and overseas aid commitments.
However, there are growing concerns that several G8 countries are failing to meet their agreed aid contributions, and the government now faces difficult questions about its overseas financial commitments.
New figures reveal the change in house prices over the past year and highlight the regions with the fastest growth in Britain... 'The saying goes that the three most important factors in buying a house are location, location, location' Rachel Khoo's overseas filming commitments means she needs to live nearer to Heathrow, so she's parting ways with her Hackney home.
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