The Telegraph reported recently that as part of £1bn defence 'savings' £2 million will be saved by not sending HMS Prince of Wales to America next year for essential training as part of the Westlant Exercise.
Instead similar training will now take place in British waters.
Also "Ben Wallace, the Defence Secretary, has signed off on the Royal Naval Reservists being stood down until April next year in a bid to save £7.5 million."
Amusingly the version of the report I have seen (I refuse to add to the Barclay brother's coffers) states that the E-3D force will be reduced to 3 - I thought it already effectively was 3 - and that they will all be out of service before the first Wedgetail arrrives leading to yet another capability holiday.