Yes, your basic pay is protected under A4C. But, the problem is the extra payments (such as the anti social hours payments) that certain roles receive. these are also being totally shaken up. Then, when your pay is protected, you simply don't get a payrise as normal. That is losing out on money in the long term. And anyone that lives in London knows that every penny is needed to try and keep your heads above water. My husband and I both work for the NHS, and we're incredibly lucky that we bought before the housing boom and are able to plan ahead and try and make some long term cash by playing the housing market. If we weren't in this position there is now way that we could plan a long term future in London.