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Business wires

EU court - UK guarantee on BT pension fund is illegal

22/10 12:01 CET

BRUSSELS/LONDON (Reuters) - The British government's guarantee on former state monopoly BT's pension obligations is illegal state aid, Europe's top court said on Wednesday, backing an EU regulatory decision issued five years ago. The European Commission ordered British authorities to recover the aid in 2009 because it gave BT an unfair advantage in breach of state aid rules. BT and BT Pension Scheme Trustees Ltd…

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