What navy might an integrated, well-funded postwar Commonwealth have built?
Short answerA very large fleet, including completed Malta-class carriers and possibly another Vanguard-type battleship.
NotesThe premise gives Britain captured German gold, relief from US debt, and an integrated Commonwealth after 1945. The resulting navy is described as massive, with multiple Malta-class carriers completed and perhaps another Vanguard. Additional fiscal capacity would preserve capital-ship and carrier programmes that were curtailed in the real postwar settlement. The scenario therefore changes fleet size through finance rather than through a new naval doctrine.