Its built up because rates have fallen so expected outgoings are more than expected income. The good news is they cant get too much lower.
How will it get sorted, well paying more in, rates moving back up or a bit of both. Maybe the Tesco pensioners might all die earlier than expected although thats unlikely. Shareholders could go on a spree of running over pensioners with tesco pensions and as much as I would like a divi its a bit too extreme for me.
I suppose like most things its finding a balance between the even handed suggestions and time.
I believe John Lewis staff are in a worse place - these turkeys won't vote for xmas & end their unaffordably generous pension scheme. So their pension black hole will dwarf Tescos & could sink the company. You are jumping out of the frying pan into the fire :) DYOR.
so I've heard it's been set at 190! Christ so much for the 20% discount they harp on about so that would mean an average intra day share price of 236! In your dreams ( well in mine anyhows) Tesco showing utter contempt for their staff again unless they know these shares are going to fly past £3??? For me approx 730 shifts to go and I'm off to john Lewis I've had enough of this company..
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