In election pledge, UK Labour promises free broadband for all

In election pledge, UK Labour promises free broadband for all

He says the brand of left-wing extremism being peddled by Jeremy Corbyn was "sheer poison which has been left unchallenged over the past twenty years".

Labour argued that public ownership of the UK's broadband network would "help tackle the regional inequality in coverage caused by competition that has led to under-build in rural and remote communities, and over-build in profitable areas".

The Labour Party's plan, set out on Thursday night, would be to nationalise this network to create a UK-wide network owned by the government called British Broadband, with one arm to roll-out the public network and another to deliver free broadband.

Mr Corbyn said the plans could also result in 300 million fewer commuting trips, three billion fewer kilometres travelled by vehicle, and 360,000 tonnes fewer carbon dioxide emissions.

Annual maintenance costs would be around GBP 230 million, Labour said, to be covered by a new tax on global digital companies such as Amazon, Facebook and Google.

The plans, according to Davey's speech, will "jump-start" measures to deal with the climate emergency, with the funds to come from taxation and government borrowing which will be outlined in the party's election manifesto.

Ahead of Britain's December 12 elections, all political parties are now in full campaign mode.

But the PM's environmental plans have been dismissed by opposition leaders.

There was also criticism of Labour's plan to tax multinational companies based on the size of their United Kingdom activities.

Trade body TechUK also criticised the proposals, warning that nationalisation would be a disaster for the telecoms sector and its customers. "Renationalization would immediately halt the investment being driven not just by BT but the growing number of new and innovative companies that compete with BT".

The BT share fell by more than 2 percent on the stock exchange in London, before recovering somewhat.

In 2017, his promises to re-nationalize rail, water and mail services proved popular with voters and contributed to then Prime Minister Theresa May losing her parliamentary majority.

"This is the new political economy: Liberal Democrats as the party of fiscal rectitude, versus the Tories (Conservatives) and Labour as parties of fiscal incontinence", Davey said.

BT's competitors seized the opportunity to offer their view on their contribution to broadband delivery in the country.

Virgin Media also reacted badly, with spokesman James Lusher tweeting a gif of a raccoon stealing food from a cat bowl with the words: "This is mine".

This would have two divisions - British Digital Infrastructure (BDI) to roll out the public network; and British Broadband Service (BBS) to deliver free broadband.

As the Daily Telegraph reports, BT's share price stabilized after the initial shock of the announcement, and the operator claimed the plan could cost £100 billion (US$128.7 billion) to implement, as opposed to the £20 billion ($25.7 billion) or so that Labour has estimated for the one-off capital cost.

Imagine, a Britain which is struggling after leaving the European Union with a government intent on buying back former nationalised industries?

Conservative leader Boris Johnson said there was "nothing more conservative than protecting our environment".

British Telecommunications, now known as BT, was privatized in 1984 when more than half its shares were sold to the public.

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