It’s come up in a lot of the threads on the forum but without much detail. Wickipedia mentions it, but as per many with scant detail.

It was the free spending (defense wise) Thatcher governement that was said to have looked into it, but it was short lived with the jigs having been scrapped etc.

Around the same time, the US looked (in brief) at taking the B-58’s out of mothballs and putting them back into service.