Royal Navy reservists and aircraft carrier hit by £1bn defence cuts Conservative MP Tobias Ellwood described the news as "very concerning" Updated The video will auto-play soon8Cancel Play now Never miss a big story in Plymouth again with our daily newslettersInvalid EmailSomething went wrong, please try again later. Sign me up! When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice Reservists are being "put on pause" and one of the two Royal Navy's new aircraft carriers is being pulled from a major training exercise as part of £1billion cuts in Armed Forces spending, according to reports.