If we take Wallace at his word it looks liek another salami slicing exercise - we'll keep "some tanks" but we'll also " shift to forward-deploy British military forces around the world to protect UK interest"
""letting go of some equipment that isn't serving any purpose or overmatched by adversaries" is an interesting metric......... what kit (and he's talking kit not roles here) is he thinking of? We've just bought the F35 and the Poseidons, the Typhoons are pretty necessary, the recce and sigint is needed more than ever, as are the tankers . Hard to be "forward deployed" without transports & helicopters. He must mean the BoB Flight......
As for the Navy - the old Argos could go but again getting rid of the Assault craft would seem to go against "forward deployment"
The Army - other than tanks there's the GRMLS and lots of transport and Rapier is due to be replaced but otherwise...
I just can't see enough savings here to do all the nice new shiny tasks people like Cummings seem to want.