Sounds like we're about to become less of an armed force and more of a militia or carabinieri. I can see the Argentinians dusting their Falklands plans off as we speak whilst the Russian and Chinese will be chuckling away at the thought that a once great country has been knobbled by its own politicians and accountants.
The current generation of politicians - of all hues - have done more damage to the Forces than the Nazis ever managed to do. At least back then we knew what we were fighting for, morale wasn't such an issue and the country was united.