BT is preparing to axe another 10,000 jobs. The huge redundancy programme will be announced next month alongside a horrendous set of year-end figures that will include provisions of about £1.5 billion. The results will mark one of the lowest points in BTâs history since it was privatised in 1984. The share price has crashed to 81p, valuing the telecoms company at £6.3 billion. It will also seriously damage the legacy of Ben Verwaayen, BTâs former chief executive, who left eight months ago and has since become chief executive at Alcatel-Lucent. The dividend is likely to be cut by up to 60%, while profits will be further dented by a big contribution to address a pension deficit that will exceed £8 billion. The redundancies, which result from an improvement in BTâs efficiency, are in addition to the 10,000 job cuts made last year and will be spread around BTâs 160,000 workforce. http://business.timesonline.co.uk/tol/business/industry_sectors/telecoms/article6078442.ece Economic recovery made in UK...