250 kts
Sorry but you really will have to remind us what the recession has to do with the pension proposals?
If you have been to a briefing it should have been made very clear that this is about the on-going underlying rate that NATS will have to pay ie. around 42%. If it wasn't made clear there it has been plenty of times on here. But let's not let the facts get in the way of a good argument.
The facts are that last years figures show that if NATS hadn't:
1) Repaid loans when they didn't have to;
2) Paid early repayment charges when they didn't have to;
and,
3) Discounting the exceptionals that will generate even more profit in future years...
...then NATS can afford to pay even their worst case underlying rate.
They just don't want to use that profit for pensions when it can be used to improve the bottom line even further.
That said, if you can afford to hand over tens of thousands and in many cases hundreds of thousands of pounds from your pension so that NATS profitability can be increased then by all means vote 'Yes'.