WI the Queen is assassinated in 1981

IIRC Prince Charles said in an interview he gave in the 1990s that he would be George VII not Charles III when he became king.

Though by coincidence one of my Christmas presents was the Goodies box set. I watched the "2001 and a Bit" episode when I did my ironing earlier in the week and the monarch of the UK in 2001 as imagined in 1976 was King Charles III.
 
On the plus side? They finally get some islands they've never owned and that has NO indigenous Argentinian population?

The reality is, it was the Conservative government that was cutting the RN in 1981 following John Notts Defence Review White Paper - it should be noted that this was issued 2 weeks after the assassination attempt on the Queen. If Thatchers govt falls, the defence cuts don't get implemented, HMS Endurance stays in the south atlantic, and if anything Argentina is deterred from invading in the first place.
My guess is that if Mrs Thatcher fell but the Conservatives remained in power (possibly with William Whitelaw as PM) the Knott Defence review would still have been implemented. The Conservatives came to power promising to strengthen the British armed forces, but the state of the British economy forced that promise to be broken quickly and the state of the economy was the reason for the 1981 Defence Review.

If there was a General Election in 1981 and the Labour Party won my guess is that they would have cut the armed forces even more severely than John Knott planned to. This was partly because of the state of the British economy and partially because of ideology because the Labour Party had moved further to the left than normal following its defeat in 1979.
 
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