I think its nailed on that we are heading towards a smaller UK Defence Force with Air/Sea/Land commands.
All AAC & FAA to merge with RAF under air. This in turn will free up capacity to cut the number of helicopter Sqns. GR4s to be reduced to all but the diamond fleet and a couple of Sqns with 8-10 aircraft, and phased out within the next 3 years.
All RAF Regt to transfer to Land Command, but with less regular Sqns and more reliance on Aux Sqns.