• Home
  • About Team
  • Advertise with us
  • Privacy Policy

  • Markets
  • Culture&Arts
  • Sci-tech
  • Sport
  • People
  • Medicine
  • U.S.

Labour’s Corbyn pledges BT nationalization to provide free internet for all

  • by Lorene Schwartz
  • in People
  • — Nov 18, 2019
Share:

It isn't clear exactly when Labour will release its manifesto, with party leaders trying to control the release of any details until they are formally unveiled.

Britain's opposition Labour Party said it would nationalise parts of telecoms provider BT's network if it won power in the december 12 election to provide free full-fibre broadband for all.

It is the biggest new pledge of the campaign so far from Labour, with Corbyn comparing his proposed new British Broadband company to the establishment of the U.K.'s revered National Health Service.

There would be further costs associated with staff pensions, while Openreach now has a revenue of £5 billion a year.

"Remember, the BT group has over 100,000 people working every single day.

Well, I've got news for them - not anymore".

"The effect of the Brexit Party on United Kingdom politics has already been seismic and I am proud to have been among its candidates who, contrary to popular belief, are not a group of right wing, neo-nazis but a genuinely diverse bunch of largely ordinary, decent people who believe in our country, its history and the importance of our democratic system".

"How we do it is not straightforward, it needs funding, it's very big numbers, so you know we're talking £30 to £40 billion per building, and if you're giving it away it's again a sort of eight-year timeframe, it's sort of another £30 to £40 billion".

Unsurprisingly, the former state monopoly was unconvinced about the swing back into public-ownership.

Pushed on whether this means Labour would take these companies over, Mr McDonnell said: "I think we can come to an agreement - they're only 10% of the network and that's why we're doing this, because they've failed".

Microsoft Unleashes an Xbox Tsunami at X019
The full list of games announced can be found here, along with which games will be leaving the service by the end of November. Microsoft , however, wants customers to know it has learned its lessons from the Xbox One launch and won't repeat them again.

"So, shareholders are nursing massive losses on their investments should they have bought in at £5, say, two years ago - that's market forces".

Following Labour's announcement, shares in BT plummeted by almost 4 per cent and telecommunications group TalkTalk suspended the sale of one of its businesses.

James Lusher, Virgin Media's head of external communications, tweeted a gif of a raccoon stealing food from a cat bowl captioned with the words: "This mine now".

The roll-out of a full-fibre network would cost £20bn, ie adding an extra £15bn to the government's existing £5bn broadband strategy, he told the BBC, as a "one-off capital cost", with the cost of maintaining full-fibre "more than covered" by a tweak to corporation tax for multinationals such as Google and Facebook to pay more.

The roll-out would begin with communities that have the worst broadband access, including rural and remote communities and some inner city-areas, followed by towns and smaller centres, then by areas now well served by super-fast or ultra-fast broadband.

Launching the plan, Jeremy Corbyn, the Labour Party leader, said: "It's time to make the very fastest full-fiber broadband free to everybody, in every home in every corner of our country".

British Broadband would aim to cover between 14 and 18 million premises within five years and eventually achieve 92 per cent coverage.

Lobby group TechUK said the move was "fundamentally misguided" and would spell "disaster" for the telecoms industry and the fast-growing digital sector.

The announcement by Labour, which is now lagging Prime Minister Boris Johnson's Conservatives in opinion polls ahead of the December 12 election, sent BT's shares down as much as 3.7%, wiping almost half a billion pounds off its market value.

Share:

IN CASE YOU MISSED IT

  • Democrats invite Trump to testify in impeachment inquiry
  • Brexit Party will not contest five Gloucestershire seats in the General Election
  • Donald Trump disrupts impeachment hearing after attacking ‘intimidated’ witness on Twitter
  • YOU MAY ALSO LIKE...

    • Dozens of soldiers killed in attack on military base in Niger 12/13/2019
    • Fed's rate freeze in line with market expectations: BOK 12/13/2019
    • One dead, 'likely to be more' after New Zealand's Whakaari volcano erupts 12/13/2019
    • Greta Thunberg chosen as Time's Person of the Year 12/12/2019
    • India’s parliament approves citizenship law for non-Muslim minorities 12/12/2019
    • Kerik: Son 'OK' After Role in Jersey City Takedown 12/12/2019
    • UK Labour cuts Conservative lead ahead of election 12/12/2019
    • IG testifies about report on origins of Russian Federation investigation 12/12/2019
    • White Island volcano: New volcanic activity hampers recovery efforts 12/12/2019
    • Trump Is 'Vile, Bigoted': Jewish Groups Slam President's Anti-Semitic Remarks 12/11/2019

RELATED NEWS

Alabama QB Tua Tagovailoa to miss rest of seson with dislocated hip
Tagovailoa played well against LSU, passing for more than 400 yards, but he was gimpy at times, favoring his right ankle. He missed the second half of that game as well as the Tide's 48-7 win over Arkansas the following week.
11/18/2019

Should Instagram get rid of likes?
After testing it out in seven countries in July and in the USA earlier this week, Instagram's now hiding like counts globally. Instagram on Thursday introduced to increase its Non-public Like Counts take a look at globally, together with in India.
11/18/2019

11 teams confirmed to attend Kaepernick workout
For clubs that don't attend in person, they will have access to videos of both the workout and the interview. He opted out of his contract with the San Francisco 49ers in March 2017 and has remained unsigned.
11/17/2019

Prince Harry, Meghan Markle Announce They Will Skip Queen's Christmas
As we know, Charles and Andrew have infamously had their differences. "I don't now why they're so mean to a fellow human being. HRH The Duchess of Cambridge, Kate, visits the East Anglian Children's Hospice in Ipswich to officially open the Treehouse.
11/17/2019

Public hearings Wednesday for Trump impeachment inquiry
But a trial in the Senate, were it to occur, could stretch until the first presidential votes are cast in February's Iowa caucus. They also want to question Hunter Biden in the hearings but Schiff's comments suggested he would not allow the pair to appear.
11/17/2019

Messi tries to manipulate referees, says Thiago Silva
The 32-year-old finished off a penalty rebound after Alisson Becker had saved his initial kick. As much as you have rivalry, education must come first'.
11/17/2019

Chinese troops join Hong Kong cleanup as protesters retreat
The Chinese University Shenzhen campus received 600 applications over two days from students seeking free housing. In recent weeks, clashes between protesters and police have become increasingly violent.
11/17/2019

Panthers Confirm They Will Not Attend Colin Kaepernick's Workout This Weekend
Former Raiders and Browns head coach Hue Jackson flew to Atlanta on Saturday and was expected to lead the workout session. The NFL said it was informed of Kaepernick's decision 30 minutes before the workout was to begin.
11/17/2019

Suspected gunman in Southern California high school shooting dies
In a statement, Bryan and Cindy Muehlberger said they shared the news of their daughter's death with "unexplainable brokenness". His father had been a hunter and possessed firearms, and there were other firearms found in his home, Villanueva said.
11/17/2019

Massachusetts Ex-Governor Patrick Enters Crowded Democratic Presidential Race
Former New York City mayor and Medford native Michael Bloomberg is now also reportedly reconsidering his decision not to run. Patrick said he also believes he can be competitive in SC , a state where former Vice President Joe Biden has a foothold.
11/17/2019

Gordon Sondland will testify at public hearing into Trump’s dealings with Ukraine
Holmes is scheduled to testify before House impeachment investigators in a closed-door session on Friday. Lieu says two other people heard the call as well, and said there were four people at the lunch.
11/16/2019

Deepika-Ranveer seek blessings at Golden Temple
As today it marks their first anniversary, they celebrated this big day in their own style seeking the blessings of their gods. Deepika wore a red sari with gold zari work, said to have been gifted to her during her Konkani wedding ceremony a year ago .
11/16/2019

England boss Gareth Southgate on Montenegro win
ENGLAND defender Ben Chilwell says the whole squad is behind Joe Gomez after he was booed against Montenegro . England's win puts them three points clear of Czech Republic at the top of England's qualifying group.
11/16/2019

NCAA Basketball: Kentucky upset by Evansville a week after beating Michigan State
Sam Cunliffe paced Evansville with 15 points in the first half, while Immanuel Quickley chipped in nine points for Kentucky . Oklahoma City Thunder coach Billy Donovan, an assistant when McCarty was at Kentucky , also contacted him after the victory.
11/16/2019

Ford teases new electric Mustang Mach-E SUV
Once the Mustang Mach-E is revealed on Sunday , interested customers can log onto a website and place a refundable $500 deposit. According to the site, the Mach-E is scheduled to debut in late 2020, but you may have to wait until 2021 for the GT version.
11/16/2019

    • Top picks

      • Pelosi requests Trump impeachment articles move forward - what now?12/10/2019
      • Pensacola shooting being treated as 'act of terrorism'12/10/2019
      • Republican ally of Trump says Rudy Giuliani's trip to Ukraine is 'weird'12/10/2019
      • Oil prices slip as weak China exports highlight trade war impact12/10/2019
    • Weekly News

      • ‘Don’t trust Putin’, says ex-Ukraine Prez Poroshenko ahead of Russian Federation talks12/10/2019
      • Call for probe into police shooting12/09/2019
      • Iran unveils budget of 'resistance' against US sanctions12/09/2019
      • Saudi shooter watched mass shooting videos before attack12/09/2019
    • Latest News

      • Canada signs on to updated new NAFTA deal in Mexico12/11/2019
      • Tourists reported injured, missing in New Zealand island eruption12/11/2019
      • House Democrats expected to unveil two articles of impeachment Tuesday12/11/2019
      • Hong Kong march: Thousands join largest pro-democracy rally in months12/11/2019
    • Home
    • About Team
    • Advertise with us
    • Privacy Policy

    Friday 13 December 2019

    © 2019 . ALL RIGHTS RESERVED.