How would the Royal Navy fare without the Anglo-German naval arms race?
Short answerIt would probably remain the world's largest navy, while British strategy might stay focused on Russia and produce a very different alliance structure before 1914.
NotesNaval strength and diplomatic alignment are separate questions. Germany displaced Russia as Britain's principal concern largely because the German fleet threatened Britain directly. Without that challenge, the defence of India and opposition to Russian expansion would remain central. The Anglo-Japanese Alliance shows how Britain could organize maritime partnerships around that older strategic problem. Britain might therefore retain the world's largest navy while entering the First World War with very different partners.