You have Union recognition
OK it's not what the BALPA members wanted but you do now have a recognition agreement. That is a start.
It might be a lot less expensive for pilot's to go with IPF at least in the short term and see how it pans out for 6 months or so. 1% or a few pounds a month?
I do know PG and he does have the pilot's interests at heart. He is an able negotiator and man of integrity. Sound's like IPF just got on with it whereas BALPA's approach didn't work.
All the best with it what ever the outcome.