Had a sneaky peak on the CC website this morning (very nice WiFi) here, and it would appear the CC are quite happy to put this to members purely on the basis that they will reject it.
If the IA ballot comes back with an overwhelming YES vote, then the CC are in a far stronger position to negotiate.
My spies tell me that TJ and his cronies have already conceded that the vote will be a resounding YES, so again it would appear that they have tried to head off the action with an offer that they thought they could get away with, or that PB see's as all he is prepared to offer.
Make no mistake though, PB is the real puppet master, and he learn't his negotiation skills off the fellow who did over the First Choice pilots a while ago. PB is a bully and needs someone too sit him on his lardy arse.