No mate, the horizontal red and blue = Household Division therefore The regiments of footguards, as in this case with The Grenadier Guards and the Household Cavalry ie The life Guards and The Blues and Royals (nowadays the same regiment - The Household Cavalry Regint (Lifeguards and Blue and Royals).
All the regiments of the Household Division wear the same stable belt and Tactical Recognition Flash (TRF) in the same colours.
Regards
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