No it was in response to BA, BT, Royal Mail etc all struggling with pension costs.
They could always get Obama to take them over and tear up the bond holders rights etc as happened with Government Motors. Big government does not work, even worse it is too expensive, too easily manipulated by vested interests. The civil service top-levels need simply deleting, thinning down. Property & Estate Managers elevated under Nulabour to far above 100k + bonus + expenses + pension + 911 or S6; public sector trades pay for security - not the economy into a toilet. BT in particular still believes it is the last vestige of the empire with hereditary birthright.