The US Navy isn't without its problems either, over half of their F-18s are grounded awaiting maintenance, the USS Boise has lost its diving certificate, and five other submarines (presumably also 688s) are not looking in good condition.
http://www.defensenews.com/articles/...hters-cant-fly
And if that wasn't cheerful enough (that's sarcasm by the way) the UK MOD rumour mill indicates that this years military spending review is going to be a massacre.