An accelerated German fleet would mobilize larger rivals sooner

What would happen if Germany began a much larger battleship and carrier program in the mid-1930s?

Germany would gain more ships, but the visible program would release British funding and activate a much deeper Allied shipbuilding base before German hulls entered service.

A large German program announced in 1936 or 1937 would give Britain time to expand armour production and accelerate capital-ship construction. British yards could produce more King George V and Lion-class ships alongside additional carriers. The estimated British construction time is shorter, and Britain has more suitable yards. Treasury limits would still force choices, with Army mechanization and motorization identified as likely casualties of extra naval spending. Germany's additional ships would therefore face an opponent whose construction program had also expanded.