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A call for Britain to retain its position as an independent world power, and not lose it's liberal identity within an uncompetitive European bureaucratic state. Money quote:

For 300 years, the principal British interests have been the maintenance of free trade and the rule of law. They remain our interests. They are best upheld by the Anglo-American alliance (although we must be careful not to be subsumed by it). The decrepit forces of the EU, by contrast, just aren't up to the job.

So safeguarding our interests in the future could necessitate another redesign of the British state. As Iain Duncan Smith touched on in his Prague Declaration last week, this would mean shunning the European constitution and instead arguing for a free trade association of sovereign nations, including Russia, Turkey and the Balkans.