Whilst it may be argued that 'in the current climate' this is a fair offer, the fact remains if the unions had negotiated the pay deal prior to Jan 2009 when the economy was in a better state I dare say we would have got more!
It would be great if we could 'do a Nats management' with other financial areas. i.e. claw back some of the money we all paid for our homes now they have subsequently dipped in value!