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Wedgwood Museum handed pension debt
A museum dedicated to the history of the 250-year-old Wedgwood pottery group in Stoke-on-Trent, Staffordshire, has been handed a £134m pension debt.
According to the BBC, the Wedgwood Museum has been forced to take on the deficit after the collapse of Waterford Wedgewood due to a shared pension fund. The Pension Protection Fund - established by the government to cover schemes affected by administration and insolvency - said it cannot act to recoup losses while the museum remains open.
Having been served with the debt, the museum - awarded the Art Fund Prize last June - may now be forced to sell off its collection of historic artefacts relating to the company's pottery heritage. Wedgwood Museum Trust chair George Stonier told the BBC: "We are absolutely determined to do everything we can to preserve our museum."
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