how about "offsick" for a NATS regulator?
anyway, intentionally blank and vertigo, I did not mention SRGs current performance. your point about SSR at EGAA is valid but that is precisely why an independent SRG is required. CAA/SRG in its role as airline and holiday regulator may have faults but, maybe I'm wrong, the UK probably has of the worlds best civil aviation fleets and the public in the UK is the least likely to lose its money to dodgy travel companies. Post-privatisation, is the part of SRG that deals with UK ATC going to work to a lower set of standards? I think not...
As an ATCO opposed to PPP I think that regulation post-privatisation is the least of our worries.