Tue. Sep 29th, 2020

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

10.18am GMT

Amidst the flurry of reaction and commentary to Labour’s BT pledge, we’ve had the final reading of eurozone inflation released this morning.

The 19-country bloc’s headline inflation slowed to 0.7% year-on-year in October, from 0.8% in September. That’s line with preliminary estimates by Eurostat.

10.08am GMT

NEWSFLASH: In other BT news, the telecoms giant has won the exclusive rights to broadcast all 420 games of the UEFA Champions League, UEFA Europa League and the new UEFA Europa Conference League fora further three seasons.

BT will pay £400m each year for the privilege, but says its financial outlook for 2019/2020 remains unchanged.

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 10.18am GMTAmidst the flurry of reaction and commentary to Labour’s BT pledge, we’ve had the final reading of eurozone inflation released this morning. The 19-country bloc’s headline inflation slowed to 0.7% year-on-year in October, from 0.8% in September. That’s line with preliminary estimates by Eurostat. 10.08am GMTNEWSFLASH: In other BT news, the telecoms giant has won the exclusive rights to broadcast all 420 games of the UEFA Champions League, UEFA Europa League and the new UEFA Europa Conference League fora further three seasons. BT will pay £400m each year for the privilege, but says its financial outlook for 2019/2020 remains unchanged. Continue reading…