This article by the BBC says it, the rest of the BBC and most of the UK ignore it.
Col Collins, who is retired, told the BBC: "Since 2000, before the war on terror officially began, the number of commitments that are facing the army have increased many times over.
"The spending is not keeping pace with what the government requires of the armed forces. It's actually shrinking in real terms."He added that what Maj Gen Shirreff was highlighting was that "successive governments, in conjunction with senior officers who have collaborated in the reduction in the size of the armed forces, have left the armed forces extremely vulnerable".