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BP crisis: The impact on your savings and investments

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image captionBP's oil spill: what has it cost you?

The major oil spill in the Gulf of Mexico has taken a huge toll on BP's share value - almost halving it since the spill began in mid-April.

In addition, the company has said it will not be paying any dividends to its shareholders this year, after agreeing to finance a $20bn (£13.5bn) clean-up and compensation fund for the Gulf of Mexico oil spill.

Given that BP is of great importance to the FTSE index of 100 leading companies and the country's pension funds - what impact will its decline in value and the scrapping of dividends have in practice?

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