From: The Chief Secretary of the Treasury
To: The Chancellor of the Exchequer
Dear Gordon
RAF Display Asset Restructuring
If we are to continue funding TB's bids for the history books, we'll need to restructure the Armed Forces to provide a more flexible, robust and capable force with greater reach and deployability. An obvious candidate for radical transformation is the RAF's Red Arrows.
3 concurrent studies at £2.4M each by PWC, Touche-Ross and your own Smith Institute have reached the same conclusion as to a successor. I can confidently recommend the Red Arrows'
replacement.