I was involved in the decision to cease ALM para training.
......and I got recoursed from the last course to do it (127 cse) [mid '86] to the first course that didn't (128 cse) and was the happiest failed student on the planet!
Jumping out of the balloon in particular brought with it stories of panic and horror. I did para dispatch from 10grand (in a Puma) with the Danish Jaeger Corps a few years later, and I can see the appeal of freefall, but for me: No thankyou; I sit firmly in the camp that only a fool will leave a serviceable aeroplane that does not have wheels/skids in contact with the ground.
Nowadays, some JHSS (RAF) MAOTs attached to 16 Air Assault do the jumps course and get the wings. They do not do P Company.