British naval rearmament begins in 1933

What if Britain began naval rearmament in 1933 and laid down five battleships and four carriers that year?

The Royal Navy enters the war further ahead, but with different 16-inch battleships and larger carriers amid a renewed international arms race.

Starting in 1933 changes the designs as well as the construction calendar. If the first London treaty fails, Britain could build Lion-like 16-inch battleships instead of the historical King George V class. The carrier alternative is a 27,000-ton Ark Royal-derived design with two hangars, an armoured flight deck and stronger torpedo protection. Earlier British orders would encourage American and French rearmament, while Germany would still take time to expand its programme after Hitler consolidated power. An earlier start therefore changes both the ships available and the relative lead each country has before war.