Specifically can anyone explain to me why the shortfall in covering the underlying cost (assuming there is one) is not a direct result of the very large pay increases we've had over the past 5 years or so?
What, like the 13% a certain person got in ONE year?? Do me a favour. Next you'll be telling us all that "overall, the pension holiday has not contributed to this situation" and that NATS is not for profit.