Could Britain afford three large carrier conversions in addition to Furious after the First World War?
Short answerYes; Britain was indebted and cautious, but not financially incapable of such a program.
NotesPostwar Britain was determined to repay debt and fund domestic programs, yet it was not literally bankrupt. The country could have afforded three Admiral- or G3-derived carriers if it chose. That decision would have competed with other priorities.