I think a reinforcing of the Falklands would tend to be a logical step in the general run up to the war in Europe -- with everything getting tense, sending additional troops there makes sense. Probably would have been a regular unit, later replaced by TA when they're mobilized.
As for why retain the Falklands -- if the Suez were closed by, say, dropping a nuke or two on it, any oil from the Middle East bound for Europe or the UK would be coming around Africa. Having a functional naval base and air field in the South Atlantic could come in pretty handy. Might not be a really good argument in the dark days of 2000, but the UK was one of the nations that took over the garrisoning of Saudi Arabia from CENTCOM a few years later in the Traveler 2300 timeline. Might have made it very important to keep control of the Falklands then (which, ISTR, is the situation circa 2300 in that game).
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