Well, if you look at the last two times they tried, it’s easy to understand why they’ve given that particular avenue a miss for a while, isn’t it?
Of course it is, and they’ve put that behind them and got on with being a global industrial and economic force (see also Japan). We however still keep banging on about how well we did in those last two times, and to the time when we had an Empire, and using that as the basis for our need to remain as a global military power.
You could argue that Germany’s learnt the lesson that we need to.
All the money gets spent in the UK on R&D and maintaining the fleet, so it’s all recirculated locally. It’s no different to spending on any infrastructure.
It’s a fair point, but why not spend it on useful infrastructure, rather than white elephants?