"The choice facing the next Prime Minister and government is clear. On the one hand, he can continue the policy of the present Government. This will result in a slow slide down the second division of nations, an inability to defend the sea passages on which our global trade and standard of living depend (ninety per cent of our trade still comes by sea), an inability to secure our growing imported energy supplies and the vital food supplies which we in this country take for granted.
Or, the next Government can resist this decline, hold firm against the pressure to reduce defence funding, and provide an adequate defence provision with contingency reserve capability for all three Services. If this decision is made, it should be done as a deliberate and well researched policy."