Labour’s broadband policy

1 min read

Labour’s plan to offer free full fibre broadband to every home and business was certainly an eye-catching announcement in what has been a dull election campaign, but the costs associated with the scheme have been described as ‘fantasy economics’ by the plan’s critics

Full fibre broadband would bring innumerable benefits to homes and businesses alike, the few people who access it at present talk about it as being invaluable. But, at present, just 8 percent of UK homes are currently able to get this service. Compare that to 70 percent in Spain, for example.

It certainly wouldn’t be cheap - £35bn seems to be the consensus – and private networks would be placed in a difficult situation. As for the idea of taxing US tech giants to help pay for its running costs, well that looks like wishful thinking.

And yet, research has found that a growing number of voters in this election are increasingly open to calls for a radical change in the way the economy is organised.

While today’s ‘fantasy’ economics is unlikely to become tomorrow’s ‘consensus’, how we go about accelerating the roll-out of full fibre remains critical for the future success of UK plc