One more sign that that age of the British Empire is long past:

A senior officer, currently serving with the Fleet in Portsmouth, said: “What this means is that we are now no better than a coastal defence force or a fleet of dug-out canoes. The Dutch now have a better navy than us.”

Defence sources said it would be unlikely that the Navy could now launch an armada of the kind that retook the Falkland Islands in 1982.

Steve Bush, editor of the monthly magazine Warship World, said the MoD was bankrupt following the wars in Iraq and Afghanistan.

“After 10 years of Labour government, the Royal Navy is on its knees without immediate and proper funding. I cannot see how it can recover