The situation is about the same in the United Kingdom as it is in the United States. For example, the pension protection mechanism they use there does not involve preferential status in cases of bankruptcy, but rather, a government guarantee. In that case, the government is the one that goes after the company as a creditor.
Having said that, the situation is completely different when the US government sits down at the table to negotiate in cases of insolvency. There we are definitely not in an equitable position. What we are concerned about is that all of Nortel's assets will move south through the influence of the US government, because the Government of Canada is doing absolutely nothing.