| Government controlling the Internet - a good or bad thing discuss 23:29 - Nov 14 with 17624 views | QPR_John |
Labour have just announced free broadband for all implemented by nationalising part of BT. Just to be fair I do have an interest as I have BT shares bought through a sharesave scheme when I worked for them and also a pension from BT. Am I one of the rich Corbyn is after? [Post edited 14 Nov 2019 23:30]
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| Government controlling the Internet - a good or bad thing discuss on 23:32 - Nov 14 with 7124 views | kensalriser |
Unless you just bought them you aren't rich now if you have BT shares. | |
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| Government controlling the Internet - a good or bad thing discuss on 23:33 - Nov 14 with 7121 views | Lblock |
All pigs are equal | |
| Cherish and enjoy life.... this ain't no dress rehearsal |
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| Government controlling the Internet - a good or bad thing discuss on 23:39 - Nov 14 with 7122 views | QPR_John |
I bought some when they were £15 although at a discount. | | | |
| Government controlling the Internet - a good or bad thing discuss on 00:00 - Nov 15 with 7098 views | Hooparoo |
Fck all chance of Corbyn winning so you should be ok 😉 | |
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| Government controlling the Internet - a good or bad thing discuss on 06:28 - Nov 15 with 7021 views | BazzaInTheLoft |
Sorry mate, the NHS needs it more than you. You’ll have to live without your annual £6 dividend.
Don’t you think free and effective internet would be a nice gift to leave to your kids / grandkids? Especially considering it should have been theirs in the first place because you paid for it as a tax payer in the 1990s. [Post edited 15 Nov 2019 7:28]
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| Government controlling the Internet - a good or bad thing discuss on 08:42 - Nov 15 with 6908 views | BuckR |
Not freer though is it? Going to cost the taxpayer billions again! | | | |
| Government controlling the Internet - a good or bad thing discuss on 08:48 - Nov 15 with 6900 views | Northernr |
Is this going to annoy BT Openreach in any way? If so, go right ahead. | | | |
| Government controlling the Internet - a good or bad thing discuss on 08:50 - Nov 15 with 6897 views | essextaxiboy |
Government controlling the Internet? . I am happy to pay thanks Nice try Jez. | | | |
| Government controlling the Internet - a good or bad thing discuss on 08:52 - Nov 15 with 6894 views | BazzaInTheLoft |
Nope. Will clear itself in seven years then just be pure profit for the treasury. | | | |
| Government controlling the Internet - a good or bad thing discuss on 08:52 - Nov 15 with 6894 views | CiderwithRsie |
Some odd stuff on here.
1. A state-owned body installing broadband doesn't control the internet. My internet isn't controlled by QPR_John and his other shareholders just because BT Openreach put in the cables (though it's their fault when the bastard thing goes down or runs at the speed of the BFG)
2. How does nationalising BT Openreach give the NHS any money? (Let alone actual staff)? | | | |
| Government controlling the Internet - a good or bad thing discuss on 08:57 - Nov 15 with 6889 views | BazzaInTheLoft |
The profits currently going into QPR_John’s pocket can be spent on anything else the taxpayer wishes, including the NHS.
BT open reach made a pre tax profit of £2.6 billion last year. £2.6 billion! [Post edited 15 Nov 2019 9:00]
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| Government controlling the Internet - a good or bad thing discuss on 08:59 - Nov 15 with 6885 views | colinallcars |
During the Thatcher/Major years, the government pulled off the exquisite trick of selling things to people that they already owned. | | | |
| Government controlling the Internet - a good or bad thing discuss on 09:00 - Nov 15 with 6884 views | CroydonCaptJack |
Literally THE most incompetent Company I have had the displeasure to work with. | | | |
| Government controlling the Internet - a good or bad thing discuss on 09:01 - Nov 15 with 6879 views | BazzaInTheLoft |
It will be yours soon! | | | |
| Government controlling the Internet - a good or bad thing discuss on 09:01 - Nov 15 with 6880 views | CroydonCaptJack |
I can think of a lot bigger priorities than free internet for everyone.
I hope that money tree is a big one. | | | |
| Government controlling the Internet - a good or bad thing discuss on 09:05 - Nov 15 with 6869 views | BazzaInTheLoft |
Again, it’ll be profitable so the Money Tree is fine. [Post edited 15 Nov 2019 9:13]
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| Government controlling the Internet - a good or bad thing discuss on 09:07 - Nov 15 with 6859 views | BuckR |
Yes if the cost is what Labour have calculated. However its already been said that they should be quadrupling that figure! Must have let Abbott use the abacus again | | | |
| Government controlling the Internet - a good or bad thing discuss on 09:12 - Nov 15 with 6847 views | BazzaInTheLoft |
Stale tropes? You are better than that.
The £2.6bn is Openreach’s own figures, not Labour’s.
The renationalisation cost figure will be decided by Parliament. [Post edited 15 Nov 2019 9:33]
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| Government controlling the Internet - a good or bad thing discuss on 09:31 - Nov 15 with 6813 views | MrSheen |
Genuine question - if broadband is going to be free, how will nationalised Openreach make a profit?
5G has the potential to deliver faster data speeds without the infrastructure costs of fibre to the premises. Why back one horse?
https://www.bbc.co.uk/news/world-australia-41577003 | | | |
| Government controlling the Internet - a good or bad thing discuss on 09:34 - Nov 15 with 6798 views | BazzaInTheLoft |
It’s only going to be free for households, and after 8-9 years.
The £2.6b figure was just my example of how a profitable public asset can deliver for all people not just shareholders. Wether that £2.6b is turned into subsidy or profit or irrelevant as long as it serves normal people and communities. [Post edited 15 Nov 2019 9:39]
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| Government controlling the Internet - a good or bad thing discuss on 10:09 - Nov 15 with 6752 views | BuckR |
Obviously you've grasped the wrong end of the stick. I meant the cost of Nationalising i.e the cost of putting it in every household in the UK for "free" not their pre- tax profit [Post edited 15 Nov 2019 10:10]
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| Government controlling the Internet - a good or bad thing discuss on 10:12 - Nov 15 with 6745 views | CiderwithRsie |
Are you seriously suggesting that the proposal is not to provide world class broadband as done in Korea (which is what McDonnell was talking about on the radio this morning, and which I could happily support, if done properly) but to obtain a cash cow for the NHS?
What other profit-making companies do you object to making a profit, and how many of them do you propose to nationalise, and what will they fund?
Tesco made £2.2 bn last year. Bastards! How about nationalising them to pay for benefits for the poor bastards who have to shop there? | | | |
| Government controlling the Internet - a good or bad thing discuss on 10:14 - Nov 15 with 6736 views | BazzaInTheLoft |
It will be paid for by a tax on Apple / Google etc.
via Labour website:
There is a one-off capital cost to roll-out the full-fibre network of £15.3 billion (in addition to the Government’s existing and not-yet-spent £5 billion commitment), which will be paid for from our Green Transformation Fund;
The cost of bringing parts of BT into public ownership be set by Parliament and paid for by swapping bonds for shares, as occurs with other public ownership processes;
Full-fibre has low maintenance costs once rolled out, which can be estimated at around £230 million a year, which will be more than covered by a system unitary taxation of multinationals, which involves treating multinational companies as single entities, and taxing UK-based multinationals on the share of their global profits that reflects their UK share of their global sales, employment and assets. [Post edited 15 Nov 2019 10:14]
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| Government controlling the Internet - a good or bad thing discuss on 10:19 - Nov 15 with 6722 views | 2Thomas2Bowles |
Tesco and other supermarkets will be nationalised and everyone will get free food, they will be renamed foodbanks
Simples. [Post edited 15 Nov 2019 10:21]
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| Government controlling the Internet - a good or bad thing discuss on 10:21 - Nov 15 with 6713 views | BuckR |
Again you've missed the point. Labour have costed the rollout at £20billion. The Cheif Exec of BT has already said you are looking at almost double that if you were to do it. Where is the other £20billion coming from?
Also regarding the cost of maintenance I refer you to a quote from an article this morning in the financial times
Nick Delfas, an analyst with Redburn, said implementing the policy could be difficult. “There are some challenges for Labour,” he said. “Nationalisation and state aid of this sort are illegal under EU law, and the majority of the party wants to remain in the EU.
“The maintenance cost of a national fibre network will be at least £1bn-£2bn not £230m as claimed. And the public sector will be exposed to build cost overruns, as with HS2 and Crossrail. Finally TalkTalk and Virgin Media would go bankrupt.” [Post edited 15 Nov 2019 10:23]
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