Manufacturing firm Morgan Crucible deficit rockets by £20m

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Manufacturer Morgan Crucible's UK scheme deficit spiked by almost 80% last year, hitting its highest level in three years, company accounts show.

Earnings published today show the deficit for the 6,000 member career average scheme at the end of 2011 standing at £47.4m - up from £26.6m at the end of 2010. The firm said the increase was down...

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