If money is an issue and the ships are put in a well maintained mothball status and can be made active in a reasonable amount of time and a trained naval reserve is available to crew those ships I don't see any actual harm in it.
The U.K. is not an empire any longer so it does not need that dominating navy of times past to defend those colonies that no longer exist. No country today is going to fight a conventional war by themselves so there isn't a need to maintain a naval force larger then a primary reaction force. Unless you want to be a world super power why bother with the expense?
Now that I've used cold logic.....
The Falklands proved that isn't necessarily true but it was also a few years ago. What were the ship numbers from the Falklands?
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