Don't believe everything you read in the papers...
The Brittish press is awash with stories on defense cuts but the simple fact is the review is yet to happen, they have not been cut, furthermore the QE is already under construction.
The 1.25Bn already spent covers items for both ships, there are penalty clauses built into the contracts to cover the eventuality that the ships will be canned... Options being looked at to save on costs are as follows:
2 CVF = Already comitted to the contracts, cancellation results in little or no saving
1 CVF = As above
0 CVF = As above
Alternate design ie LHA/LHD = Significant delays, all the costs of a new design and they still have to pay the penalties for the cancelations.
Craig
PS: All tthis is not to say I have any faith in the muppets in office not doing something stupid, just pointing out that there are no savings to be made.