bbc English news | bbc, Latest News & Live Updates in English | English News (Latest English News) at Lokmattimes.com

Under the plan, the party would nationalise part of BT the London-based multinational telecommunications holding company to deliver the policy and introduce a tax on tech giants to help pay for it.Shadow Chancellor John McDonnell told the BBC on Thursday night that the "visionary" 20 billion pound ($25 billion) plan would "ensure that broadband reaches the whole of the country".McDonnell said that the ruling Conservatives' funding plan for improving broadband was "nowhere near enough" and would leave the UK falling further behind other countries who already have fibre more widely available.Broadband packages in the UK cost households an average of around 30 pounds a month, according to broadband comparison site Cable - which people would no longer have to pay under Labour's scheme.The party claimed that it would "literally eliminate bills for millions of people across the UK".According to a report from regulator Ofcom earlier this year, only 7 per cent of the UK has access to full-fibre broadband.The government hit its target to bring superfast broadband to 95 per cent of homes by December 2017 - at a cost of 1.7 billion pounds - but the internet speeds were significantly lower than those of full-fibre.McDonnell told the BBC that Labour would add an extra 15 billion to the government's existing 5 billion pounds broadband strategy, with the money to come from the party's proposed Green Transformation Fund."We're putting the money in and therefore we should own the benefit as well," said the shadow chancellor.In reaction to the development, BT Chief Executive Philip Jansen told the BBC that he was happy to work with whoever wins the election to help build a digital Britain.He added that the impact of any changes on BT pensioners, employees, shareholders - and the millions of investors via pension schemes - needed to be carefully thought through.However, the ruling Conservatives said it was a "fantasy plan" that would cost taxpayers billions, while TechUK, which represents many UK tech firms, said the proposals would be a "disaster" for the telecoms sector and customers.The Liberal Democras said it was "another unaffordable item on the (Labour's) wish list".( With inputs from IANS )

BbcFOLLOW

Bbc, Latest News

Saudi Arabia on Sunday placed a preliminary valuation on state oil company Aramco of between $1.6 trillion and $1.7 trillion. ...

The Iranian government has warned that security officials will step up action against protesters who have taken to the streets across the country against the government's decision to ration gasoline and increase petrol prices. ...

Senior leaders of the UK's main opposition Labour Party were set to meet on Saturday to finalise its manifesto for the December 12 general election. ...

A record number of women were set to stand in the UK's December 12 general election, with female candidates likely to comprise about a third of the total, it was reported on Saturday. ...

A 16-year-old gunman who shot himself after a shooting spree in a school in California that claimed the lives of two students and injured three others, has died in a hospital, authorities said. ...

Israel on Friday launched fresh air strikes on militant targets after renewed rocket-fire from Gaza, putting a day-old ceasefire under strain. ...

UK Prime Minister Boris Johnson reiterated on Friday that the country will leave the European Union (EU) by January 31, 2020, following the December 12 general election. ...

The UK's opposition Labour Party has pledged to give every home and business in the UK free full-fibre broadband by 2030, if it wins the December 12 general election, it was reported on Friday. ...