RE: SP Climbing26 Nov 2018 13:33
Garp I don’t think it’s the same thing... money spent trying to reduce ongoing costs probably makes sense, I don’t know the legal costs, but I do know financial press are estimating a change from RPI to CPI will knock between £1 & £3bln off the pension calculation & recalculating life expectancy to allow for the life expectancy no longer increasing could halve the calculation. Can argue the rights and wrongs all day, but the current deficit is a major issue for BT and is getting in the way of everything. (Have avread about GMC). & as for the share price drop over last couple of years, I agree in part, but it’s never quite that easy is it. If BT stands still with relying on legacy network it will be left behind, any change carries risk, the market is crowded, BT hasn’t managed to carve out a clear future.