That comparison would only be relevant if it were the same party in power in both decades, are evidence suggests that this won't be the case. Defense spending has long been a source of funds ready to be diverted to other social spending projects for the labour party.
True, but AFAIK there's no voices in Conservative party calling for significantly increased military funding. During previous Conservative spell in office military spending fell, but that was because of the end of the Cold War.
The amphibious forces have gained significantly during those years, they are far better now than pre 90s.
That is true, although in 1989 there was the option of using one of the CV's as LPH. In European context one must also remember that all larger European navies have made significant build-ups in their amphibious capabilities.
Here's current tonnage count:
RN: 60 000 + 64 000 tons RFA
MN: 80 000 tons
Spanish Navy: 44 000 tons
Italian Navy: 24 000 tons
The loss of Sea Harriers is a blow, lack of available fighters and AEW are the only area that MN currently surpasses RN in, in the next decade it will be rectified.
AFAIK, there's no firm timeline or commitment for MASC program and the lack of catapults means that E-2 purchase is not possible for CVF. Post-2020 an UAV solution might be well possible, but considering current very long development periods the project should be well underway by now if an in-service date of 2019 would be target.
On the other hand, during these two decades Spanish, Italian and French navies have gained all-weather fighters to fly from their carriers (AV-8B+ and Rafale), and all have gained AEW aircraft. (SH-3 + Searchwater for Spanish Navy, EH-101 AEW for Italian Navy and E-2 for the French Navy).
Also the size of current FAA is similar to other small carrier navies. AFAIK, Naval Strike Wing has 18 GR7/GR9 Harriers. Spanish Navy has 17, Italian Navy 17. French Navy will have 60 Rafales.
When you started this thread I immediately thought it was just another vehicle for you to have a bash at the RN, as it has progressed you've just proved me right.
Certainly not, I have my deepest admiration for the professional officers, sailors and marines of RN. It is just that RN's
relative position in world's naval rankings is slipping.
It's not just that RN has lost some capabilities (and gained some) but other navies have gained more during previous two decades. This is certainly not a loss for RN, as these navies are allies.