General Election 2019: Labour figures meet to finalise manifesto November 16, 2019 Labour officials will meet later today to finalise the party’s manifesto ahead of December’s general election. The party has already unveiled a number of policies and on Thursday announced it would part-nationalise telecomms giant BT in a bid to provide free full-fibre broadband for all. However, there are some areas in which Labour is yet [...]
Labour hasn’t factored BT’s pensions black hole into its nationalisation plan November 16, 2019 Here’s a riddle: how do you spend several billion pounds of taxpayers’ money and get nothing but a bunch of smiling accountants in return? The answer: tear Openreach out of BT, as Ofcom attempted a few years ago and Labour now proposes as part of its plan to nationalise the provision of ultrafast broadband. Read [...]
Sir Ed Davey pledges £100bn to tackle the climate crisis November 15, 2019 Liberal Democrat deputy leader Ed Davey this afternoon laid out his party’s economic plans, announcing that his party would spend an additional £100bn of public finance on tackling the climate crisis. Speaking at an event in Leeds, the party’s shadow chancellor said: “This includes a new £10bn renewable power fund to leverage in over £100bn [...]
Four reasons to fear Labour’s plan to part-nationalise BT November 15, 2019 British businesses today poured scorn on Labour’s plans to provide Brits with free broadband and part-nationalise BT, slamming the policy as a major setback for the UK’s digital economy. Labour leader Jeremy Corbyn has set out plans to nationalise BT’s full-fibre arm, Openreach, along with other divisions, funding it by taxing multinational tech giants. Read [...]
21 UK stocks in danger from a Labour election win November 15, 2019 The Labour party today announced it will nationalise parts of BT if it wins power in December’s General Election. The party would nationalise the telecoms giant’s Openreach fibre rollout arm in a bid to create a UK-wide network owned by the government. Read more: BT chief executive warns Labour’s part-nationalisation would cost £100bn Shadow chancellor [...]
Labour leader Jeremy Corbyn’s British broadband speech in full November 15, 2019 Jeremy Corbyn has laid out plans to provide free full fibre broadband to every UK household and part-nationalise BT this morning. Labour said that the policy, the cost of which was estimated at £20bn, would be funded by taxing multinational tech giants. The policy announcement sent BT’s share price down over two per cent this [...]
BT CEO warns Labour’s part-nationalisation plan could cost £100bn November 15, 2019 BT’s chief executive Philip Jansen has warned that Labour’s plan to renationalise parts of the telecoms giant could cost more than £100bn. Labour will reveal its election pledge to part-nationalise BT later today, with the policy announcement sending BT’s share price down as much as three per cent in early trading. “These are very, very [...]
Labour’s BT plans force Talk Talk to pause sale of Fibrenation November 15, 2019 Broadband provider Talk Talk’s chief executive Tristia Harrison said that Labour’s plans to nationalise BT’s Openreach arm had forced the company to pause negotiations over the sale of its Fibrenation sister business. On a call with reporters, Harrison said: “Negotiations are going very well, but the news overnight means that we are all pausing, considering [...]
Talk Talk back in the black as City Fibre circles broadband arm November 15, 2019 Talk Talk revealed a £4m half-year profit today amid reports that it is close to a deal to sell its Fibrenation sister company to Cityfibre, the UK’s largest alternative broadband network provider. Sky News reported that although sources warned that the deal had not yet been finalised, there was a chance the agreement could be [...]
City reacts with shock to Labour’s plans to part-nationalise BT November 14, 2019 The City reacted with shock tonight to Labour’s plans to part-nationalise FTSE 100 giant BT and promise free full-fibre broadband for every UK household. Labour unveiled the new £20bn policy late last night and said it would pay for its plan by levying a tax on tech giants such as Amazon, Google and Facebook. Chief [...]