BY ALISTAIR MACDONALD
LONDON—From Nelson atop his column to Wellington gracing his arch, this city is filled with monuments to the martial glories of an island whose forces once dominated continents and ruled the waves.
Today, though, the relatively modest British intervention in Libya is fueling fresh anxiety here and in Washington about the nation's shrinking military muscle as the U.K. cuts defense spending in response to a record deficit.
When Michael Graydon, a former head of the Royal Air Force, commanded no-fly zones over Iraq in 1991, he had more than 20 British attack squadrons to rely on, he says. For the no-fly ...