The Royal Flotilla?

Not quite yet as Tony Blair decides it's still worthwhile to field a decent navy but the once Mistress of the Seas is probably on its way to Concubine...

LONDON, Dec 4 (Reuters) - British Prime Minister Tony Blair committed to keeping a British nuclear arsenal well into the 21st century on Monday, saying the government planned to order new nuclear-armed submarines to replace its existing fleet.

Blair also said the government would extend the life of its U.S.-made Trident D5 missile.

But in a concession to dozens of legislators in his Labour Party who oppose spending billions of pounds (dollars) on a new nuclear weapons system, Blair said Britain would cut its nuclear warheads by 20 percent to less than 160 and may decide to reduce its fleet of submarines to three from four.