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Unchallenged at sea, British dominance was later described as the Pax Britannica (“British Peace”), a interval of relative peace amongst the great powers (1815–1914) throughout which the British Empire turned the worldwide hegemon and adopted the role of worldwide policeman. High-income, non-EU European financial system; global monetary middle and dominant service sector; sluggish progress from stringent financial policy, decreased business investment, low productiveness and participation rates; fiscal austerity in face of excessive public debt British Formulation One world champions include Mike Hawthorn, Graham Hill (twice), Jim Clark (twice), John Surtees (who was also profitable on motorcycles), Jackie Stewart (three times), James Hunt, Nigel Mansell, and Graham Hill’s son, Damon Hill.

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