How could Britain pay for the G3 and N3 program after the First World War?
Short answerThe program was costed within naval planning, and its headline sum covered a broad fleet and infrastructure package rather than only eight capital ships.
NotesThe often-cited program cost covered far more than the G3s and N3s. It included cruisers, carriers, destroyers, and long-overdue infrastructure renewal across the fleet. United Kingdom GDP and taxation were separate from the constitutional status and finances of self-governing dominions. United Kingdom taxpayers funded the Royal Navy, while worldwide trade receipts supplied much of the economic case for doing so.