Here's my viewpoint on the pensions debate.
I think the real reason why Barron is proposing these changes is to prepare NATS for full flotation on the stock market. Any reduction to the contributions made by NATS will make the company appear to be a better investment for any would-be future shareholders and also increase the 'windfall' that the government would make by selling its 49% stake which of course would then be used to bribe the UK voters with lower taxes in the run up to the next election.
People keep saying over and over again that we are protected by 'the trust of a promise' whatever the heck that means??? which is guaranteed by law. This law is not worth the paper it's printed on - I bet the government has already drafted a change in legislation that would be implemented within weeks of a change of the NATS pension which would then be followed closely by flotation.
Some may say that NATS is too small to warrant such a change in law but we all know that when it comes to plundering our hard earned cash this government will stop at NOTHING to get whatever they can.