If Britain's finances returned to early-1920s strength in May 1945, which ships and infrastructure would it retain or build?
Short answerRetire Renown, complete the Malta carriers, and move rapidly into new Daring-class and related construction while managing demobilization.
NotesRenown was too worn for another useful modernization even in a richer postwar Britain. Malta-class carriers would probably be completed to provide modern capital aviation and sustain industrial activity. The surface fleet could shift rapidly toward Daring-class destroyers and other new construction. Continued orders would also help convert a total-war economy to peacetime production while reduced debt softened the shock of American changes to Lend-Lease.