While it's true that the official line about the "growing navy" doesn't quite match up to reality - including the fact that frigate and destroyer numbers won't actually increase until the 2030s at the earliest on current plans - one point in the Telegraph report appears to be a straightforward untruth.
Quite simply, the ship has not had engine problems (on this occasion, so far) and has not been delayed. That hasn't stopped the same inaccuracy being picked up by most of the other rags. Expect any correction to be either absent or in tiny font on page 94.
Aside from that, other coverage highlighting the need for more investment is no bad thing I guess.