Not to step on anyone's fear-filled rantings, but there is this...
MoD denies plans to reopen SDSR - Defence Management
MoD denies plans to reopen SDSR
Thursday, January 20, 2011
The Ministry of Defence has denied that it is considering reopening the Strategic Defence and Security Review (SDSR) in order to help counter an estimated £1bn shortfall in its annual budget.
Of course, this could be the standard "denial before confirmation" that officials like to give.