What an early Royal Navy rearmament could have changed

What happens if Britain begins building five King George V-class battleships and four Illustrious-class carriers from 1933?

Earlier industrial preparation compounds across the program, giving Britain substantially more modern battleships, carriers, and modernization capacity by 1939-40.

Early King George V and Illustrious-class orders could develop industrial skills and armor-plate capacity, speeding follow-on construction. In this scenario the Royal Navy enters the war with a larger modern fast force, more carriers, and better prospects for modernizing Hood and Repulse. Older carriers could then shift toward anti-submarine work while newer designs carry the strike role.