France and Britain were pretty well equipped and prepared they just got the German game plan completly wrong.
If they had stuck with sanctions would the Germans have had to worry about anglo-french bombers given the real reluctance the Anglo-French had for making war.?
Yes, France and Britain got completely wrong footed (and were totally out-fought) by the Germans in 1939/1940, but well equipped? Hardly.
The French in particular were dealing with massive inertial - political, industrial, strategic, technical - that meant that the majority of their armed forces were either equipped with obsolescent materiel or were hamstrung by poor doctrine and training.
Aviation is my area of interest, so I'll use that as an example.
In the early 1930s, the French aviation industry was well established, relatively modern and had a large enough industrial base that it could potentially be expanded to put the vast amount of modern aircraft that a 1940s style war required.
However, mismanagement, underinvestment and political favouritism for certain projects/manufacturers through the 1930s, combined with the disastrous nationalisation in 1936, resulted in an industry that was ill-suited to France's pre-war needs.
The French went into war with a bomber force that was almost completely obsolete, almost no ground attack aircraft, a fighter arm equipped with decidedly second rate locally-designed fighters and a second tier US design (and I love the P-36, that's not a slander against it), engines that were underpowered, a C&C system that belonged in the 1920s and only the vaguest concept of combined arms doctrine.
If the French and English had been well equipped in the air, there would have been no need for their shopping expeditions to the US in the late 1930s, to get the fighters, bombers and reconnaissance aircraft they needed to fight a modern war.
France was aiming have a core 'modern' airforce in place by about the end of 1941, and even that was probably too ambitious given the state its industry was in by early 1940.
Edited by Jabberwocky, 08 February 2015 - 2157 PM.