This article in the Guardian on David Cameron's foreign policy is a must read. Cameron is rewinding the clock and looks to be developing a more conservative and nuanced view of international relations. And given the last 13 years of liberal interventionism, this is definitely a good thing. The Conservative government has stated its desire to move Britain away from the 'lap dog to America' role (that Tony Blair so openly embraced), is openly criticizing Israel, wants to bring the troops home from Afghanistan, and is actively seeking deeper relations with the East.
I think that Cameron's domestic economic policies are very troubling, but his realist vision of the 21st century will suit Britain far better than New Labour's radical interventionism.
Cameron is looking out for the interests of Britain, and not America.
And that should be welcomed by people of every political persuasion.