The RNHF is self supporting and costs the Navy nothing, hence go that route.
The Reds are a luxury we can no longer afford, the problem there is that is the one cut the Joe Public would take on board and would make them think. They are using 30 year old clapped out jets that the rest of the world has moved on from and are no longer really a relevance as a marketing tool for a British aircraft industry that has long since become a bit player.