We're suffering from the decision to build Ocean to a low standard to save money, & Albion & Bulwark with no hangars. We don't have anything to carry helicopters which is both cheap to operate & is going to last a long time without spending a lot of money. Ocean is wearing out fast, & Illustrious & the now retired Ark Royal are old, & expensive to operate, needing bigger crews, guzzling more fuel, etc.
The French decision to build LHDs looks more & more sensible. In hindsight, two LHDs instead of the LPDs & Ocean, plus the Bay LSDs for heavy lift, would now put us in a much better situation.
The MoD - and most definitely Liam Fox, the minister - wants to complete both QEs as fully-fitted carriers, to provide one operational carrier at all times*.
But because of past decisions, we have a problem with helicopter lift for amphibious operations. Where we don't need to provide significant fast jet cover, that can be provided by a QE. If we ever need jets and helicopter lift, we'll have to send both QEs, if we can - or persuade the Treasury to see sense & fund either a thorough rebuild for Ocean, or a new (austere, diesel) helicopter carrier.
Operating the QEs with no more than half a dozen F-35C would make a mockery of having them. They'd be a worldwide standing joke.
*The treasury doesn't like that idea, because of the cost. But the treasury doesn't really like the idea of armed forces, or anything else that costs money.