"If the ballot for strike action returns a No vote then we will honour the last offer ( 4.8% and inflation in Year 2) If however a strike ballot gets a yes vote then we will have to withdraw that offer and reconsider what - if anything - can be afforded."
That makes it completely clear that if we do not vote for strike action we will still get the 4.8% as currently offered.
Thanks for clearing that up shortm.
Good to read something that I didnt know and certainly makes me relax a little.