I don't need a crystal ball to confidently predict further cutbacks.
Early in my career I remember being wheeled into the staion briefing room where the staish informed the throng of the British withdrawal from East of Suez (bu**er - no Singapore posting for me then!).
Over the subsequent 20+ years until I left the RAF I experienced nothing but drawdowns, cutbacks, downsizing, outsourcing, contractorisation, leaning, embargoes, "more with less" and many other euphemisms for "let's reduce defence expenditure". It was the same whichever mob was in Downing Street and no matter what the defence commitments were at the time.
With the unsustainable debt that GB and his darling have
now saddled us with, why on earth should we expect anything other than further defence cuts?