Nationalisation would be a disaster for the telecoms sector
techUK comments on Labour plans to nationalise large parts of BT.
Labour has announced its intention to bring large parts of BT into public ownership and create a new British Broadband public service. Commenting on the announcement, techUK's CEO, Julian David, yesterday said:
"These proposals would be a disaster for the telecoms sector and the customers that it serves. Renationalisation would immediately halt the investment being driven not just by BT but the growing number of new and innovative companies that compete with BT. Full Fibre and 5G are the underpinning technologies of our future digital economy and society. The majority of the estimated £30bn cost for Full Fibre is being borne by the private sector. Renationalisation would put this cost back onto the taxpayer, no doubt after years of legal wrangling, wasting precious time when we can least afford it. These proposals would be a huge set back for the UK's digital economy which is a huge driver for growth.
“The telecoms sector has delivered increased coverage, capacity and quality whilst household spend on telecoms services has remained flat. Put simply, it is delivering for consumers and UK PLC. Labour’s plans are fundamentally misguided and need to be dramatically altered if they are to deliver the infrastructure we all need.”
Latest News from
techUK, UKIBC and NASSCOM develop joint position paper to drive growth in digital trade29/11/2021 16:25:00
UKIBC, NASSCOM, and techUK have come together to develop a joint position paper on a policy agenda for both governments to consider in relation to cross-border data transfers between the UK and India.
Defence Secretary’s HoC Statement on Army Restructuring29/11/2021 13:33:00
HoC Oral Statement: Army Restructuring: Future Soldier (26 November 2021).
NCSC & KMPG UK launch results of second cyber Diversity and Inclusion Survey29/11/2021 11:25:00
Key findings from the 2021 help identify where progress has been made in the sector and where there’s more work to be done.
PSTI Bill reforms the Electronic Communications Code for telecoms infrastructure deployment26/11/2021 16:25:00
Reforms to the Electronic Communications Code are set to become law as DCMS introduces the Product Security and Telecommunications Infrastructure (PSTI) Bill, which government suggests will further accelerate the rollout of mobile and fixed infrastructure.
Ministry of Defence publishes modern slavery statement26/11/2021 14:38:00
The Ministry of Defence (MOD) is committed to playing its part in the eradication of modern slavery.
Edge computing will be a fundamental part of cloud adoption in 202226/11/2021 11:25:00
As a form of distributed computing that brings processing closer to the source of data, edge computing enables businesses to understand and unlock the value of data assets in real time to make key business decisions.
Announcing techUK's November Blockchain Leader25/11/2021 16:25:00
Congratulations to Veera Johnson, co-founder of Circulor for being chosen as techUK's Blockchain Leader!
The UK National Data Strategy: How the UK Government plans to unlock the power of data across the economy25/11/2021 11:25:00
The UK Government has published its policy framework to deliver Mission 1 of the National Data Strategy (NDS): “Unlocking the value of data across the economy”.
Evolving the UK’s approach to data protection, techUK’s response to the DCMS consultation Data: a new direction24/11/2021 15:25:00
techUK sets out our response to the DCMS consultation Data: A New Direction