Whilst we remain nuclear, we are playing at being important. Had nuclear gone under SDSR then I for one would have understood the Govt to have consumed a reality pill. If it is true that we have 'one of the largest defence expenditures on the planet', then that is neither reflected in the quality of equipment not in the volume of boots walking compared to other nations whose priority is Defence rather then Global politics.
The UK Military has survived thus far on the morale and quality of its military members regardless of colour or tone of uniform. But this in addition to the ethos of 'can-do' has been obliterated by the Govt whome we serve. The same Govt who wish to retain their presence on the world stage with short arms and deep pockets.