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Government controlling the Internet - a good or bad thing discuss 23:29 - Nov 14 with 17385 viewsQPR_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 7003 viewskensalriser

Unless you just bought them you aren't rich now if you have BT shares.

Poll: QPR to finish 7th or Brentford to drop out of the top 6?

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Government controlling the Internet - a good or bad thing discuss on 23:33 - Nov 14 with 7000 viewsLblock

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 7001 viewsQPR_John

Government controlling the Internet - a good or bad thing discuss on 23:32 - Nov 14 by kensalriser

Unless you just bought them you aren't rich now if you have BT shares.


I bought some when they were £15 although at a discount.
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Government controlling the Internet - a good or bad thing discuss on 00:00 - Nov 15 with 6977 viewsHooparoo

Fck all chance of Corbyn winning so you should be ok 😉

Poll: Where will we finish up next season?

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Government controlling the Internet - a good or bad thing discuss on 06:28 - Nov 15 with 6900 viewsBazzaInTheLoft

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 6787 viewsBuckR

Government controlling the Internet - a good or bad thing discuss on 06:28 - Nov 15 by 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]


Not freer though is it? Going to cost the taxpayer billions again!
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Government controlling the Internet - a good or bad thing discuss on 08:48 - Nov 15 with 6779 viewsNorthernr

Is this going to annoy BT Openreach in any way? If so, go right ahead.
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Government controlling the Internet - a good or bad thing discuss on 08:50 - Nov 15 with 6776 viewsessextaxiboy

Government controlling the Internet? . I am happy to pay thanks Nice try Jez.
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Government controlling the Internet - a good or bad thing discuss on 08:52 - Nov 15 with 6773 viewsBazzaInTheLoft

Government controlling the Internet - a good or bad thing discuss on 08:42 - Nov 15 by BuckR

Not freer though is it? Going to cost the taxpayer billions again!


Nope. Will clear itself in seven years then just be pure profit for the treasury.
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Government controlling the Internet - a good or bad thing discuss on 08:52 - Nov 15 with 6773 viewsCiderwithRsie

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)?
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Government controlling the Internet - a good or bad thing discuss on 08:57 - Nov 15 with 6768 viewsBazzaInTheLoft

Government controlling the Internet - a good or bad thing discuss on 08:52 - Nov 15 by 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)?


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 6764 viewscolinallcars

During the Thatcher/Major years, the government pulled off the exquisite trick of selling things to people that they already owned.
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Government controlling the Internet - a good or bad thing discuss on 09:00 - Nov 15 with 6763 viewsCroydonCaptJack

Government controlling the Internet - a good or bad thing discuss on 08:48 - Nov 15 by Northernr

Is this going to annoy BT Openreach in any way? If so, go right ahead.


Literally THE most incompetent Company I have had the displeasure to work with.
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Government controlling the Internet - a good or bad thing discuss on 09:01 - Nov 15 with 6758 viewsBazzaInTheLoft

Government controlling the Internet - a good or bad thing discuss on 09:00 - Nov 15 by CroydonCaptJack

Literally THE most incompetent Company I have had the displeasure to work with.


It will be yours soon!
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Government controlling the Internet - a good or bad thing discuss on 09:01 - Nov 15 with 6759 viewsCroydonCaptJack

I can think of a lot bigger priorities than free internet for everyone.
I hope that money tree is a big one.
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Government controlling the Internet - a good or bad thing discuss on 09:05 - Nov 15 with 6748 viewsBazzaInTheLoft

Government controlling the Internet - a good or bad thing discuss on 09:01 - Nov 15 by CroydonCaptJack

I can think of a lot bigger priorities than free internet for everyone.
I hope that money tree is a big one.


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 6738 viewsBuckR

Government controlling the Internet - a good or bad thing discuss on 08:52 - Nov 15 by BazzaInTheLoft

Nope. Will clear itself in seven years then just be pure profit for the treasury.


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
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Government controlling the Internet - a good or bad thing discuss on 09:12 - Nov 15 with 6726 viewsBazzaInTheLoft

Government controlling the Internet - a good or bad thing discuss on 09:07 - Nov 15 by 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


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 6692 viewsMrSheen

Government controlling the Internet - a good or bad thing discuss on 08:57 - Nov 15 by 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]


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
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Government controlling the Internet - a good or bad thing discuss on 09:34 - Nov 15 with 6677 viewsBazzaInTheLoft

Government controlling the Internet - a good or bad thing discuss on 09:31 - Nov 15 by 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


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 6631 viewsBuckR

Government controlling the Internet - a good or bad thing discuss on 09:12 - Nov 15 by 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]


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 6624 viewsCiderwithRsie

Government controlling the Internet - a good or bad thing discuss on 08:57 - Nov 15 by 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]


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?
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Government controlling the Internet - a good or bad thing discuss on 10:14 - Nov 15 with 6615 viewsBazzaInTheLoft

Government controlling the Internet - a good or bad thing discuss on 10:09 - Nov 15 by 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]


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 6601 views2Thomas2Bowles

Government controlling the Internet - a good or bad thing discuss on 10:12 - Nov 15 by 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?


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]

When willl this CV nightmare end
Poll: What will the result of the GE be

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Government controlling the Internet - a good or bad thing discuss on 10:21 - Nov 15 with 6592 viewsBuckR

Government controlling the Internet - a good or bad thing discuss on 10:14 - Nov 15 by 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]


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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