A 1930 treaty walkout puts carriers and fast capital ships first

What would Britain build first if the 1930 treaty negotiations ended with the British Empire walking out?

Aircraft carriers would come first, with fast capital ships and cruisers following soon afterward.

Aircraft carriers would lead the proposed new program. Fast capital ships would follow as Britain rebuilt freedom of action outside the treaty. Cruiser construction would also become an early priority. The ordering reflects the need to restore aviation capacity, fleet striking power, and worldwide presence rather than concentrate on one ship type alone.