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How long has full fibre broadband technology been available ? It must be at least 25 years yet we still only have c10% of addresses connected. It is an epic failure of telecoms privatisation. EBCR reckon Corbyns plan would add £59bn pa to the economy by enabling new products, new businesses, transport and environmental efficiencies.
People can sneer all they like, but we need this capability to compete in the global economy and if the private sector can’t and won’t deliver it the state will have to intervene.
Personally I want fuel prices to be 40p per litre (or less) so that I can afford to travel around the country and enjoy friendship, food, music, comedy, sport, and banter, (in short - life as it should be lived!). I would prefer Labour to promise a 70% reduction in the price of petrol rather than to promise free broadband at the expense of investors in BT (hardworking people are going to end up losing a large percentage of their pensions due to Corbyn's barmy ideas - how is that in keeping with the Labour ethos of a fairer society?).
Below are some thoughts about the potential impact of the distribution function of salaries (wages) on the economy.
If Bill Gates took 0.5% of his wealth to the Sainsburys in Ealing (on Melbourne Avenue) and randomly purchased items until he ran out of money how many items would be left in the supermarket for other people?
If Ma Huateng or Jack Ma spent 0.1% of their instantly available money (cash, cheque, or card) on purchasing £1 bars of chocolate how many could they purchase?
If Wayne Rooney went down to his local supermarket how many Cauliflowers would he be able to pay for and take home with him for a week's wages? How many transit vans would be needed to transport the cauliflowers if each van was only used once. Assuming the distance the cauliflowers were to be transported was 22 miles - how many litres of petrol would be needed?
Why has there been a supposed large increase in the number of dollar billionaires globally since the turn of the 21st century? What happened to government promises of financial stability?
" BT have failed to deliver so often and for so long they need something to stir them up big style."
I agree with you but they seem to have got stirred up now. For years all we could only get was 4-5Mbps- pathetic. They are now in the area and digging up roads and wiring up poles all over the place. In fact within few months of them telling us they were working in our street; we have been informed that we can get fibre now. I have placed the order and waiting to see what the delivery is like. So may be BT is on the roll
wow, just wow! looked like he got a bit caught out when asked about other BB providers, and what an answer, "we'll just take them over" - incredible rhetoric, what a dimwit!
and so much for the fairer society when everyone gets free BB whether you earn £1m a year or are on benefits - what a c**k, they are all over the place, haven't Labour been on about how unfair it is they all the elderly get free TV licences and heating subsidies rather than being means tested, now we all get free BB just like that - complete joke, I cannot believe it!
Best thing Corby and Ronald MacDonald can do is remove the incumbent security company managing the asylum they've just managed to steal the keys from.
My view is these clowns have assured the public that any vote for the ultra left Marxist goons will spell the end for the UK. Latest news is Labour are inviting Kim Jon Un over for trade talks with a view to him managing the Broadband infra rollout Lol.
The old saying give a monkey a gun springs to mind........
When asked by BBC what would happen if the other telecoms did not get ‘on board’ McDonnell said he would 'nationalise them' Oddly not mentioned by the BBC anywhere else....
Half the Country must be seeing through Corbins plans now.
Free full fibre broadband for all individuals and businesses. WHY ? think about the lost taxes ? and the £100 billions cost to do it. Plus the £230 million per year to run it.
"How much corperation tax would HMRC lose from all the broadband providers inlcuding BT open reach as this is going to be free in Corbin Monoxides fantasy world ? how many job losses at other broadband providers ? How much lost income tax and national insurance from employees at other broadband providers. The list goes on and on. The guy needs locking up."
1970's Mcdonell(?) can't manage his figures correctly, Abbott can't multiply let alone add up, the great 'leader' can't lead. And they want to dabble in modern technology. They won't need to add up anyway because it's going to be FREE. A double whammy on costs.
And they present it as though they have only just heard about it.
You couldn't make it up.
Be careful what you wish for.
...more a testament to people misunderstanding the stock market
and risk calculation.
Fact that the price drop was not as severer as many said yesterday is testimony to its strength and quality as an investment.
When boris gets in Jansen WILL deliver
Fleecy Im not expecting this Labour proposal to get implemented but BT have failed to deliver so often and for so long they need something to stir them up big style.
Once boris gets In there'll be a subsidised payment regulations will be lossened
Then jansen can go all out on his expansion ,
"Hopefully the Labour proposal will put a sharp spotlight on this and put a rocket up the behind of this lacklustre lazy company."
Why would anyone business invest in the UK, with the threat of nationalisation hanging over them. How can Labour say they'll encourage investment with their attitude to business, they really are dangerous
If BT Had delivered a decent nationwide high spreed broadband infrastructure that supported the whole of the UKs economy properly this would be an issue. They have failed to deliver in large areas of the country and are terrible to deal with in much of the rest.
Hopefully the Labour proposal will put a sharp spotlight on this and put a rocket up the behind of this lacklustre lazy company.
How much corperation tax would HMRC lose from all the broadband providers inlcuding BT open reach as this is going to be free in Corbin Monoxides fantasy world ? how many job losses at other broadband providers ? How much lost income tax and national insurance from employees at other broadband providers. The list goes on and on. The guy needs locking up.
I'm not sure if anyone else has mentioned this, but Labour nationalising Openreach will destroy the business models of every other broadband provider. Talk Talk will go insolvent, Virgin media will be wiped out, why pay for something you can get for free. The irony is BT might come out of it a winner. My thinking on this is that the biggest part of the pension liabilities will go over to Openreach, BT could load a ton of debt onto Openreach and as BT own, but don't control, the physical infrastructure there may be some rental, or purchase premium attached. Labour may find this more difficult than they think, unravelling and valuing the various bits.
I've had absolutely free standard broadband, uncapped, no charges, zilch, for some years with BT. Deals still turn up occasionally but I'll not be changing my calling plan, no sir.
If Thatcher and the Tories hadn't blocked BT from going full fibre 30 years ago when they wanted to then we wouldn't have this proposal now...Tory ****s.
Looks like I might start my "election based " investment plan a little early, have cash waiting for buying in the utilities space and if, as many of you suspect , BT's SP is hit by the Labour party announcement then it is a good time to buy.
Likelihood of a Labour election win is vanishingly small,BT is still a major cash generator, has bought the football rights without being driven to pay excessively, has held its divi(though I factor in a cut sometime in the future)and its earnings still offer decent divi cover. Having sold here last autumn at ~250p I will re-invest progressively below 200p to stash as part of my high yield portfolio.
Why stop here?! Free money for all I say. As long as I get more than you that’s something I would vote for.
Labour seem to have a habit of loading a gun then pointing that at themselves. Having said that this is just the latest of the unrealistic ideas that will never happen that all the parties seem to be throwing out randomly on a daily basis.
Corbyn will say anything to make him look good but it's all a load of rubbish
His the captain of a sinking ship and he knows it
By the end of the day we will have free petrol and help yourself in Tesco's it all free
Oh and we all get a free car to put the petrol in
As an holder of BP shares I am starting to get worried about what John McDonnells next announcement will be. Nationalisation of BP and free petrol for every car owner.
Broadband won't be free yes he might try to tax the internet companies
But truth be known he will create a new tax so the hardworking man pays for it
The only people that would benefit would be the benefit scroungers
Who for some reason corbyn loves
We don't need Free Broadband, what we need is Corbin Monoxide locking up in Broadmoor. That man really needs some help. I hope they can find him some medication that help him lead a normal life.