Britain's opposition Labour Party said it will nationalize telecoms provide...
LONDON - Britain’s opposition Labour Party said it will nationalize telecoms provider BT’s fixed line network to provide free full-fiber broadband for all if it wins the Dec. 12 election.
The plan would require a sweeping upgrade of Britain’s internet infrastructure that would be paid for by raising taxes on tech firms such as Alphabet’s Google, Amazon and Facebook and using its Green Transformation fund, Labour said. “By creating British Broadband as a public service, we will lead the world in using public investment to transform our country, reduce people’s monthly bills, boost our economy and improve people’s quality of life.”
“It needs funding, it is very big numbers, so we are talking 30 to 40 billion pounds ... and if you are giving it away over an eight year time frame it is a another 30 or 40 billion pounds. You are not short of 100 billion pounds.” He said the current communications network was patchy and slow. Currently, fewer than 10% of British premises have access to full-fiber broadband - also called fiber to the premises, where fiber optic cable instead of copper is used to connect homes to the network.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK's Labour vows free broadband for all by re-nationalising some of BTBritain's opposition Labour Party said it would unveil plans on Friday to p...
Read more »
UK's Johnson has 10-point lead over Labour before election: Kantar pollBritish Prime Minister Boris Johnson's Conservative Party has a 10-point le...
Read more »
Anti Abortion Protesters Are Running A Candidate Against This Pregnant Labour Politician During The General ElectionStella Creasy said: “I may be heavily pregnant but I can promise residents that won't stop me fighting tooth and nail to protect my hometown from such toxic attempts to divide us.”
Read more »
Brexit Party's Farage dismisses calls to stand down in Labour seatsBrexit Party leader Nigel Farage on Thursday dismissed demands to stand down can...
Read more »
Guy Ritchie-Jason Statham Action-Thriller Snapped Up By Lionsgate For UK – AFMEXCLUSIVE: In a multi-million dollar deal, Lionsgate UK has boarded Guy Ritchie’s untitled Jason Statham action-thriller which was launched by Miramax and CAA Media Finance at the American Fi…
Read more »