The BBC website has an article summarising the latest NAO report on the Armed Forces. See:
http://news.bbc.co.uk/1/hi/uk_politics/6111048.stm
Highlights (or is that lowlights!):
Army 1.8% below strength
RAF 4.5% below strength
Navy 3.6% below strength
The bottom lines of the article state:
"It comes as no surprise that in the last two years the number of people leaving has gone up. "The MoD is trying to address this, but it doesn't have a convincing long term strategic approach."
And from what I'm seeing at the coalface, that really is the bottom line at the moment. I've never seen morale quite so bad as it is, or heard so many people talking about when (not if) they plan to get out.