TLT,
Pay deal has been a blanket 4% rise in base + sector pay.However that will be it for the next 18mths.
For the next 18 months the loyalty bonus remains unchanged, but there will also be a capped profit share as well.
The aim is to replace the loyalty bonus with an uncapped profit share scheme after that time, but ONLY if it is agreed to by the Company Council. It can be rejected if not satisfactory, in which case it is status quo.