LONDON - Britain’s opposition Labour Party said it would unveil plans on Friday to provide free ‘full-fiber’ broadband across the country by creating a ‘British Broadband’ public service, formed by bringing parts of telecoms provider BT back into state ownership.
It said the plan would be paid for using its Green Transformation fund and by taxes on tech firms such as Alphabet’s Google, Amazon and Facebook. “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.”
Currently, less 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. Labour said it would roll out the free broadband to all individuals and businesses by 2030, providing it to at least 15 million to 18 million premises within five years.
The company, which was privatized by Margaret Thatcher’s Conservative government in 1984, said it could fund the 25 billion to 30 billion pound cost of building a full-fiber network by issuing debt, reallocating capex, disposing assets, and by cutting its dividend.
Not even Santa can compete with Labour at elections! Come sit on Uncle Jeremy’s knee. What’s that Timmy? You want Free Space Travel, Free Broadband and a 4 day working week? Well, seeing as it’s Election Time, why the Hell not!!! You just be a good boy and vote Labour🎅
Ok. And on whose bill should the UK put the BILLIONS that will cost
The poorest people in the UK need an internet connection just to claim universal credit! Or correspond with the Local Authority!
And free beer ?
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