Oil spill contingency plans were inadequate, admits Hayward

BP's former boss today admitted the group's oil spill contingency plans were "inadequate" and said it was unprepared for the media "feeding frenzy" after the Gulf of Mexico disaster.

Tony Hayward, who stepped down as chief executive of BP at the end of September, told BBC's 'Money Programme' the group was completely "overrun" by the "intensity of the media scrutiny" focused on the firm and its actions to plug the devastating oil leak.