So if RPI is say, -2.5% next August as it is forecast to be, do you still expect an above 0% pay rise in 2010?
I think we will do well to get anything above 2.5% for 2009 but if this were tied into say, another 2% in 2010
If that was an offer that management were to make, I'd much rather take 4.5% now and 0% for next year. much better for the pension!