I would say that the only reason the two CV's are still going ahead is due to political considerations - if they are cancelled, the shipbuilding industry in the North and Scotland will suffer a tremendous loss in their employment capacity, in the middle of the labour heartland, political suicide for the next election. So produce them and them sell them off.
Cutting our existing fleet down to one CV, is mad, it leaves no resilience, although with no aircraft and virtually no escorts, it does'nt matter anyway.
The Falklands will go, the oil is far too attractive, who has the balls in the current lot to say 'Sink the ??' if the Argies and any allies they can muster set sail. We have the SSN capability, just about, but leaders ...........
And for gods sake remove all overseas aid and put it defence, I'm tired of paying for India's £100Billion space programme.