Does this mean there will be further cuts in the Defence spending in the next two years?
Apparently not, according to the Telegraph:
Meanwhile, the Ministry of Defence will be given more flexibility to retain funding that it has not spent, which last year amounted to almost £400 million. As a result, ministers believe that there will be no cuts to military manpower or core MoD budgets.
Even if they wanted to make further cuts, I just don't know where they would be able to find them. We are now less than one brick deep across many areas of my current unit and are struggling to meet core tasking let alone do anything fancy or above and beyond. I suspect that isn't unusual taking a broader view.