![]() ![]() (Worth noting too that Ben Gartside at Yahoo News had a hint of it in July.) McDonnell told Laura Kuenssberg the Labour plan for the country was “visionary,” adding: “But you know, other countries are having these visions, and we’re not, we’re being held back. last night alongside the Labour press release. J-MacBook: The Times, the Mirror and the BBC bagged interviews with McDonnell about the announcement, which dropped at 10 p.m. We can get an engineer to you on 20 March 2033.'” Craig Oliver, the former director of comms to David Cameron, went for the broadcasters for not running the story prominently enough. People lose their sh*t: Former Labour MP Chris Leslie said on Twitter: “Why so coy Why not throw in free SkyTV? Free iphones? Netflix and x-boxes all round?” Independent commentator John Rentoul said: “Why should I pay for my broadband through my taxes? It makes no sense.” Tory MEP Daniel Hannan put his scriptwriting hat on: “‘Hello? BT? I’d like someone to install broadband.’ ‘No problem, comrade. A senior party official said BT shares could plummet overnight, hitting people who had invested in pension funds, as well as employees of the firm. The Tories said the Labour costings had underestimated various elements, and that the initial spend could top £80 billion. Internet spat: The Conservatives blasted the “fantasy plan” and said it would cost taxpayers tens of billions. Chief Executive Philip Jansen told the Financial Times that “free broadband for all” might appeal to consumers but would need to be thought through carefully. Neil McRae, the chief network architect at BT, tweeted: “Labour plans broadband communism!” Chief Executive of trade group Tech UK Julian David told City A.M.: “These proposals would be a disaster for the telecoms sector and the customers that it serves.” ![]() Labour says the plan would boost the economy, increase productivity by £60 billion and spread employment more evenly.īut but but: BT says it will cost £40 billion to roll out full fiber across the country - double the Labour estimate. The ongoing costs would be paid for through a tax on multinationals such as Amazon, Google and Facebook. The up-front cash would come from a borrowing pot for environmental measures, with the cost of renationalizing BT set by parliament and paid for by swapping bonds for shares. ![]() That’s why full-fiber broadband must be a public service, bringing communities together, with equal access, in an inclusive and connected society.”ĭial-up the numbers: The project would entail a £20-billion capital cost, then £230 million a year to maintain, according to Labour. “What was once a luxury is now an essential utility. W.W.W.haaat? “The internet has become such a central part of our lives,” Corbyn will say. Thatcherites might want to go back to bed. taxpayer-funded) broadband to every household and business by 2030. At a campaign event in Lancashire, the Labour leader and his shadow chancellor will detail their plans to part-renationalize BT and provide free (i.e. DRIVING THE DAYĬLAUSE 4G MOMENT: Jeremy Corbyn and John McDonnell will be grilled today about the most eye-catching policy announcement of the general election so far. There are 77 days until Brexit day, and 27 until the election. This is Emilio Casalicchio filling in for Annabelle Dickson. Send tips here | Subscribe for free | Listen to Playbook and view in your browser ![]()
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