Yep, after ILR British Citizenship.. then
British passport... then
Re-acquire Philippine Citizenship and passport
Then at last the journey is over
Of course you could take the option of just staying with ILR, but if you leave UK for 2 years or more then back to square one. Your visa is done for.
This becomes important for those folks who want to emigrate, say to the Philippines, then after a couple of years need to return to UK, say for medical reasons. The person without UK citizenship cannot return.
So the longer journey is worth consideration, oftentimes