maccer82,
(Christ! I've misspelt Achtung haven't I? Ze humiliation . . .)
You are probably right. I am not Navy but I am a fan of CVF. Losing JSF might be a bit of a capability disaster, but it's going to cost ~10Bn and why do we need Stealth anyway? Surely we're not crazy enough to take on a technically advanced enemy without our US friends, who can use their stealthy jets to get us an invite to the party. OK, so we'll have to sit on the touchline with the half-time oranges and the fat, wheezy boys with a note from Matron . . . but only for a few weeks. Completing/converting the Typhoon purchase might cost (say) 5Bn leaving a tidy lump sum that could be used to complete CVF (and a few other programmes) to spec. You'd also save all the cash that would need to be spent in order to run two fleets . . . training, spares, weapons etc.
Of course, all this assumes that Typhoon can be converted for Maritime ops . . .
AS
(call me ouch-tongue)