BT scheme deficit grows by £3bn in second quarter

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UK - British Telecom pension scheme deficit grew by £3bn (US$5bn) over the last quarter after the telecoms giant reviewed its accounting assumptions.

According to BT's quarterly financial results, released today, the UK's largest scheme had a net deficit of £5.8bn at June 30 - compared with £2.9bn at March 31. It said the dramatic loss in val...

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