The version I heard from my in-laws (natives of Leicester) goes like this:
Shithole, shithole, she told me I should be
Arsehole, arsehole, a soldier for the Queen
To piss, to piss, two pistols on my knee
To fight for my cunt, to fight for my cunt, to fight for my cunt-ta-ry
(last line sung with a dramatic flair)