21 February 2013 Last updated at 06:38 ET
Robert Peston, Business editor Article written by Robert Peston Business editor

My absence

Please forgive my radio silence.

I have been a bit unwell, and recovery has been slow and meandering. I would hope to be back here during the course of March.

Robert Peston, Business editor Article written by Robert Peston Robert Peston Business editor

BP's Gulf compensation costs soar

05:07 UK time, Thursday, 16 May 2013

The costs of the court-approved scheme for BP to compensate businesses claiming to be hit by the Gulf of Mexico oil spill could be many billions of dollars more than the company expected. It believes vast sums are going to firms that don't deserve it.

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