If so then why bother with the cap. If only the odd pay rise will be above +0.5.
You obviously haven't been to a briefing yet-or if you have you didn't bother to listen!
So if you put in 1.5% like the acturies use or 2.5% (which is what we ATCOs have had on average over the last 10 years) then it will give you a rough idea what you'll be on. With 10 years to go I guess you are top of your scale.
And my point is that without having any more to sell except the "crown jewels" we aren't going to realistically get much , if anything, above RPI+0.5%.
I for one can't see us getting anything like the rises we have had in the last few years and I'll be interested to hear the rationale from anyone who really thinks we will.