Britain is in danger of being left with hollowed-out armed forces, the UK's top military officer has warned.
Chief of the Defence Staff, General Sir Nicholas Houghton, said this would be with "exquisite" equipment but without the personnel needed to use it.
In a speech, he said training levels were being squeezed and manpower was increasingly seen as "an overhead".
The British armed forces are due to be significantly reduced in numbers by thousands of personnel by 2020.
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General Sir Nicholas Houghton: "Whilst exquisite technology has been protected...manpower has been seen more as an overhead"
The Army will lose 20,000 soldiers, the Navy 6,000 personnel and the RAF 5,000.
Gen Houghton emphasised that if the UK wished to stay in what he called the Premier League of smart power, then it must invest in armed forces that could generate credible hard power capability and deterrence.
BBC defence correspondent Caroline Wyatt said this first annual talk by the new chief of the defence staff contained rather blunter warnings than many had anticipated - Gen Houghton said the UK must both fund and use its armed forces properly.
Gen Houghton took over in the late summer, at a time when the effects of the 8% cuts to the defence budget started having a clear impact on armed forces' morale and what the UK could offer its allies on the international stage.
With the regular Army cutting thousands of soldiers and much future spending committed to equipment, Gen Houghton gave a clear warning to any future government wishing to cut defence spending again in 2015, said our correspondent.
'Hollow-force'
Speaking at the Royal United Services Institute, in what he described as "an outing of professional conscience", he said Britain risked being left without enough military manpower in the future, with the Royal Navy particularly vulnerable.
He said: "Unattended, our current course leads to a strategically incoherent force structure: exquisite equipment, but insufficient resources to man that equipment or train on it.
"This is what the Americans call the spectre of the hollow-force. We are not there yet; but across defence I would identify the Royal Navy as being perilously close to its critical mass in manpower terms."
Gen Houghton suggested spending decisions were too often made "with an eye on supporting the United Kingdom's defence-industrial base" and said a programme of "balanced investment" in manpower and equipment was needed.
While limited resources had increasingly been channelled into "large capital equipment programmes", the forces had been left "critically deficient" in key capabilities such as intelligence, surveillance, communications, logistics and tactical transport.
End Quote Admiral Sir George Zambellas First Sea LordWe take a long view on our duties at sea and, on behalf of our nation, are fully ready to meet the challenge"
"We must be careful that the defence budget is not disproportionately used to support British defence industry," he said.
Gen Houghton called also for a re-evaluation of homeland security, with the potential for a state-sponsored terror or cyber attack to alter "many of our calculations about the security of the United Kingdom in the years to come".
He also pointed out the paradox that the armed forces had rarely been held in such popular high regard - while the use of force after Iraq and Afghanistan was less popular in the UK than ever.
With future funding levels clearly a worry, and the next defence review due in the election year of 2015, this was a chance to fire an early warning shot to any politician who may contemplate further cuts, said our correspondent.
'Manpower pressure'
The current government has promised a 1% rise in spending on equipment from 2015 - which takes up half the defence budget - but there is no such promise regarding manpower, which has gone down steadily in all three services since 2010.
Gen Houghton also warned of the dangers of a more risk-averse society - stressing that the UK must be careful not to lose its "courageous instinct" within the professional military.
The forces themselves must evolve to ensure they remained appropriate to the threats faced at home and abroad today, he said.
In reaction to the speech, Chief of the Naval Staff, First Sea Lord Admiral Sir George Zambellas, said: "It is quite true that the Royal Navy is under significant manpower pressure, in key specialist skills to meet today's commitments.
"This is a recognised leadership and management challenge that is part and parcel of the Royal Navy's renaissance and we are working closely within and across defence to meet that challenge, but also to chase the opportunities it offers. But, I do not expect it to throw us off track.
"The government has set an ambitious agenda for the Royal Navy and Royal Marines, through the new carriers with our Royal Air Force partners, new strategic submarines, new attack submarines, new frigates, destroyers and tankers, and more - all part of the post-Afghanistan strategic security construct and the need to meet our long-term international responsibilities.
"We take a long view on our duties at sea and, on behalf of our nation, are fully ready to meet the challenge."
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