Telecommunications

BT blames human error as it reveals £500m pension deficit gaffe

Mistake by actuary comes after accounting scandal last year that wiped £8bn off its value

BT has revealed another accounting error after its pension deficit was underestimated by £500m.

The telecommunications company, which had £8bn wiped off its stock market value in 2017 after admitting to an accounting scandal at its Italian unit, blamed the latest gaffe on an “isolated human error”.

Related: BT loses almost £8bn in value as Italy accounting scandal deepens

Related: BT’s credibility is still very much on the line | Nils Pratley

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