Yep that's true if there is no vaccine. I actually think that COVID-19 AND Brexit combined will be worse than one or the other at its worst could have been, and the UK economic wellbeing after Brexit was going to be dodgy at best for the first few years. The impression that I get from the pro Brexit side is that it's all going to be nice and rosey with UK Inc getting all these trade agreements and it'll be just like the old days. Well British stuff isn't as good as they think it is and it's expensive. So I think that they are going to be in for a very rude awakening.
This will definitely impact upon UK defence and some hard choices will have to be made. If it was me, I would sell both CVs and concentrate upon my SSBN & SSN fleet. The nuclear deterrent is the UK's best defence asset. I would also forget about the Pacific pivot because they no longer are a Pacific power. They should concentrate upon Europe. They are a regional power at best.
That's my half pennies worth.
I would tend to disagree - the UK still has the ability to support a useful force at a distance of several thousand miles and has a useful "kick in the door" capacity that is only shared by maybe a half dozen countries and outmatched by maybe two or perhaps three.
There's little point in focusing on Europe as a point of influence because there's very little we can do as a country to make a meaningful impact - all of the things we've built up that are relatively novel aren't very useful a land war in the heart of the old world. There's a reason the RN puts little time into NATO taskings - they're usually off elsewhere operating at distances that a number of European navies would find difficult to support.
Add to that, we're still the preferred dance partner of the US due to our proven ability to drop right into a US formation and network effectively.
As for the deterrent - it's useless at most levels of combat - I think we should have it and maintain it (now, more than ever, given POTUS's uh..I dunno how to phrase this and not be political..um..well, let's just say the US appears to have a slightly more inward looking stance.)
However, as a military factor, I think the ability to support ships, aircraft and troops at long distances without much external assistance is significant.
We *could* recast ourselves as a regional power but right now, we're hanging on to the "reach out and touch" capabilities.
Bringing two carriers to the table also makes us "partner of choice" in any international coalition - that's a very big lever to apply to weighty problems.
Even the US, with it's huge carrier force are looking at the UK and really expressing interest in working alongside a UK CSG because it takes a bit of pressure off their stretched forces. Yes, absolutely, the UK CSG isn't a patch on a USN one but you know what, it's still enough of a threat to make a lot of people quite nervous if it showed up off shore.
That's my 2c worth.