How does Germany's increase in battleship dreadnoughts affect Britain?

As was the Kaiser's plan, he eliminated his cousin Nicky's (Tsar Nicolas) Russian battlehip fleets by goading him into the Russo-Japanese War in 1904, thus allowing only Germany's battleships to challenge the Royal Navy in 1914. The German High Seas Fleet only engaged the Grand Fleet once...at the Battle of Lost Opportunities (Jutland) in 1916. Both sides claimed victory.