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Share Price Information for BT (BT.A)

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Share Price: 105.10
Bid: 105.00
Ask: 105.10
Change: 1.55 (1.50%)
Spread: 0.10 (0.095%)
Open: 104.15
High: 106.25
Low: 103.60
Prev. Close: 103.55
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Labour's McDonnell says broadband plan is the limit of nationalisation plans

Fri, 15th Nov 2019 08:20

LONDON, Nov 15 (Reuters) - A plan to nationalise parts of BT
to provide free broadband to everyone in Britain marks
the extent of the opposition Labour Party's nationalisation
policy, its finance spokesman John McDonnell said on Friday.

Labour has previously pledged to nationalise power networks,
Royal Mail, rail and water companies, but McDonnell said it
would not nationalise the whole of BT.

"We're not taking over all of BT, we're simply taking over
Openreach, the BT technology and some elements from within BT
itself," he told BBC's Today radio programme.

Asked if Labour was going to nationalise other companies,
McDonnell said "No we're not," and asked if the plan represented
the limit of Labour's ambitions on nationalisation, he said "Yes
it is."

(Reporting by Alistair Smout; editing by Guy Faulconbridge)

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