Looking at the figures there is no core pay offer because the core element of these offers is very very small. The money on offer is almost entirely for agreeing to the strings.
Take out the Met deal and factor in the in perpetuity AAVA deal and what do you think the offer would be?
The threat of the AAVA deal lapsing at the end of the month has concentrated Management’s minds. They can go on their Easter hols knowing the sheep are safely back in their pen, in perpetuity.