Found a great article by Time magazine - published 30 years ago this month.
Remind anyone of today?A Troubled Watch on the Rhine
The very names evoke heroic themes. The British Army of the Rhine, guardian of the North German Plain. The Royal Navy, charged with sealing off the North Atlantic. But where in 1941 there was the mighty H.M.S. Ark Royal, there is now H.M.S. Tiger, an antiquated hybrid frigate, and only a river of esprit is holding together the Army of the Rhine. Because of their strategic positioning, today's British forces serve as one of the most important links in the NATO chain of defense. But the enduring strength of this link is now in doubt.
[Full text: Time Magazine, 13 December 1976]
There is a limit, however, to how long an army can march on high spirits or make a virtue of poverty. Observes one Pentagon official: "The British are now down to cutting into muscle." If the minibudget requires substantive defense cuts, the first muscle to go may be about 5,000 men from the Army of the Rhine; London will apparently try to keep the Royal Navy's Atlantic patrols at current levels.