It wont matter who gets in. The uk military has a projected deficeit of 36 billion pound (as briefed by harry staish just the other week).
There again will be the need for sweeping changes and much much more belt tightening. Expect to see major bases, squadrons and regiments close and manpower cut (yet again). 20 years of back to back conflicts has pushed all 3 forces to the brink and taken its toll, something will have to give.
Afghanistan has to be finished and finished sooner, rather than later. This would alleviate the problem, but we are commited to Op Herrick for the long term, there is no let up in sight for the immediate future. So long as the MOD is haemorrhaging money towards this, then it is a bleak outlook for the future.
Anybody who has done time in the forces will know the amount of money that is wasted. DII being a classic example. Any school kid now could probably plan and install this sort of network. Granted, it is massive, but it is just a network. How theses cowboys are still working it out after 10 years is beyond the realm of thinking.
I would love to see the future as being rosy, but I just cant see it.