the words nanny and state spring to mind...but the way things are going I can see a time when there will be those bl00dy average speed cameras along all main roads or even worse they will develop some sort of clever satellite tracking device in all cars to determine your speed so eventually we will not ever be able to break the speed limit without being caught...so in that case enjoy while you can!
you can picture the scene now, everybody sticking to the speed limit on the m25 or m5 m6 , it will take you a bloody fortnight to get anywhere..........
If you build a car with a top speed of 70 m.p.h., then at 70 m.p.h. it'll be flogging its guts out and vibrating itself into a scrapyard.
If you build a car with a top speed of 140 m.p.h., then at 70 m.p.h. it's purring along at half power making little noise, and giving you a smooth ride.
cars can be electronically limited so I wouldn't say its about performance.
In addition to the points made, when you are overtaking on a single carriageway it is safer to spend as little time as possible on the wrong side of the road. If the driver you are overtaking decides to speed up then it is safer to exceed the limit rather than both of you driving side by side.