If we carry out a review now based on our current requirements, we will bin most of the fast jets and get loads of helis and AT. The trouble is we have to look 20-30 years down the line and who knows what scenario we'll face then; maybe someone with a credible fighter capability. It would be a case of "good luck" to the heli and AT guys if we did not own a credible fighter ourselves when it happened.
We need helis, AT and fighters (read fighter/bombers). The collapse of the cold war was not a peace dividend, it was a call for higher defence spending as conflict spread worldwide, but each conflict has been (fortunately) on a smaller scale than global war.
Our reaction has been to cut defence spending - which is not what is in the pink!