CAAPS is ringfenced only parliamentary legislation
But, as you admit, legislation can be changed in an instant by politicians. No safety guarantees there then.
NATS goes bust and our pensions get hit HARD.
... Two suppositions, and neither is guaranteed or dependant upon the other because NATS is still
49% the responsibility of the government..... so, in your own words BD, RAILTRACK. (only the management and shareholders suffered there.)
'course they could always change the rules but we're dealing with National Transport Infrastructure here, like Railtrack, so it would be in UK Plc interests to keep things going as a non profit company, and write off the debts.
BEX