Leaving the gold standard earlier could accelerate British rearmament

Would the British Empire fare better in the 1930s and rearm faster if it left the gold standard earlier?

Probably; greater financial room could speed rearmament even if the Treasury remained reluctant to expand defense spending dramatically.

The counterfactual turns on fiscal capacity rather than a new military doctrine. Leaving the gold standard earlier could give the British state more money to work with during the 1930s. The Treasury might still resist large defense demands, so unlimited spending is not assumed. Even a modest increase in the available total could allow rearmament to begin sooner and proceed faster.