Did the large number of older carriers in service make it harder to fund new Malta-class ships?
Short answerYes; the fleet looked sufficient on paper, but modernizing wartime carriers such as Victorious proved extensive and expensive.
NotesThe existing fleet made Malta harder to justify, even though jet operations soon exposed the limits of many wartime hulls. Victorious required an extensive rebuild, showing that apparent abundance did not equal a modern carrier force at low cost.