Like it or not NATS has to live within its means and I happen to believe that there is little victory in a larger pay rise which ultimately has to be paid for by people losing their jobs. The board may not have been as prudent as I would like but I don't think that means we shouldn't be.
We are either in good financial health or we aren't. If a payrise makes jobs go on the line then we aren't in good financial health and shouldn't be paying out millions of pounds in dividends.