Seem's to be right on the money so far, be interesting to see when the next are announced…
The RN related options now apparently being considered by the MOD include:
Formal cancellation (long expected) of plans to build the seventh and eighth T45 destroyers (twelve were originally planned). The budget of about £1.1 billion is apparently significantly less than BAE Systems has bid
The additional cancellation of the sixth (HMS Duncan) and even fifth (HMS Defender) Type 45 Batch 2 destroyers – possible sale of the bare hulls to BAE Systems for completion for the Kingdom of Saudi Arabia
Reducing the escort force by six units, from 25 to 19. This would apparently be achieved by the removal from service of Type 22 Batch 3 frigates and Type 42 Batch 2 destroyers, and possibly a T23 frigate. Saving about £150 million a year
Reduction of the Assault Ship (LPD) HMS Albion to extended readiness (i.e. reserve)
Closure or significant down grading of a naval base – probably HMNB Portsmouth
A cut of 2000 in RN manpower (from 32,000 to 30,000, excluding Royal Marines). Direct pay and allowances saving of about £60 million a year plus indirect savings
Conversion of some of the RN’s 41 Merlin HMA.1 ASW helicopters to a troop carrying 'Commando' role. This would allow the rejection or reduction of some of the costly alternative tactical transport helicopter procurements currently being considered as a high priority
Cancellation of the Shaman Communications ESM system. Saving of up to £140 million
Transfer of command of the Royal Marines Corps to the Army. Financial savings from standardisation, economies of scale and eliminated duplication