Obviously I'm not fully conversant in the intricacies of how each force has cut in the past, but in general most forces have done the following, or some combination thereof:
Generally the police have cut about as much as they can now without affecting front-line services, but now when the next cuts come in they will have to start reducing the number of officers working the streets.
Obviously this is a very bad idea, whilst crime in the UK has been dripping, response officers are already running from job to job most nights and they can't tolerate much reduction in numbers. It's not uncommon for all response officers on a shift in some towns to be on a call or doing paperwork, and for officers to be diverted from lower-priority jobs to higher priority ones two or three times in a row before they reach anywhere. Officers are also routinely sent to calls alone with no backup being available without said backup having to come from another call or from the station. And even on more dangerous calls (fight in progress, domestics etc) it's routine for no more than two officers to be dispatched.
Now that the police are facing further cuts, some forces are planning which jobs they won't send an officer to at all - they'll resolve them over the phone.