BT claims Labour nationalisation plan would cost up to £100bn – business live

Rolling coverage of the latest economic and financial news, including reaction to Labour’s pledge to bring BT under partial state ownership if elected

11.54am GMT

Labour shadow chancellor John McDonnell is back on the telly, giving the next speech at the party’s event in Lancaster.

He said the broadband plan would benefit businesses which are both using and developing 5G technologies.

Let’s be clear it’s not a return to the 1970s…This is public ownership of the future.

11.44am GMT

If you prefer to take a listen, ITV have some clips from Corbyn’s speech:

The Labour leader confirms that poorly connected areas will be first to benefit from plans to nationalise parts of BT and provide free full-fibre broadband https://t.co/mjI68gHoDz pic.twitter.com/jmLUuXYLm4

Free broadband will fire up our economy and bring ‘half a million people back into the workforce’, Jeremy Corbyn says https://t.co/mjI68gHoDz pic.twitter.com/4CeKQ6rFwq

“I pay my tax, everybody in this rooms pays their tax… so why do the giant multinationals think they can get away from not paying their fair share?”

Jeremy Corbyn takes aim at corporations for not paying their “fair share” in taxes https://t.co/mjI68gHoDz pic.twitter.com/Oi2IbiWNQu

Continue reading…Rolling coverage of the latest economic and financial news, including reaction to Labour’s pledge to bring BT under partial state ownership if electedShadow chancellor details Openreach plansRival TalkTalk stalls sale of fibre arm amid Labour pledgeFull story: Labour pledges free broadband for all homes and firms in UK 11.54am GMTLabour shadow chancellor John McDonnell is back on the telly, giving the next speech at the party’s event in Lancaster. He said the broadband plan would benefit businesses which are both using and developing 5G technologies. Let’s be clear it’s not a return to the 1970s…This is public ownership of the future. 11.44am GMTIf you prefer to take a listen, ITV have some clips from Corbyn’s speech:The Labour leader confirms that poorly connected areas will be first to benefit from plans to nationalise parts of BT and provide free full-fibre broadband https://t.co/mjI68gHoDz pic.twitter.com/jmLUuXYLm4Free broadband will fire up our economy and bring ‘half a million people back into the workforce’, Jeremy Corbyn says https://t.co/mjI68gHoDz pic.twitter.com/4CeKQ6rFwq”I pay my tax, everybody in this rooms pays their tax… so why do the giant multinationals think they can get away from not paying their fair share?”Jeremy Corbyn takes aim at corporations for not paying their “fair share” in taxes https://t.co/mjI68gHoDz pic.twitter.com/Oi2IbiWNQu Continue reading…

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