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

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

Speaking to the BBC’s Today programme, McDonnell has been clarifying Labour’s proposals, including that the part nationalisation would only apply to BT’s broadband network operator Openreach. My colleague Lisa O’Carroll has some of the details:.

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Icecaps ‘a melting. Jungles is a ‘ burnin’

More smearing as always.

Still sounds a bit cheaper than what I currently pay BT

Yes, but BT paid £13,000,000 to an agency to rebrand it by putting it's initials in a circle. SO THEY HAVE NO IDEA OF THE VALUE OF MONEY.

Labour count with the best political agenda for ALL the people in the UK 🇬🇧 Change is necessary, the people suffer enough!

By the sounds of it bt_uk surprised by this announcement. Wonder what’s coming next, abolish council taxes if get in power ?

Free doesn't come cheap!

but, I guess, they would say that...

Company who makes a shit load of profit from doing fuck all to drag our comms into the 21st century warns against control being taken off it so actual investment can be made and the profits can be used to pay for those improvement. What a story.

Sounds like a more reasonable figure.

Good to get the opinion of an impartial and completely unbiased source

Well done the guardian for what could possibly be construed as balanced reporting.

johnmcdonnellMP can state 'Parliament, will decide the price of organisations' translation = hard left uklabour will decide, but one problem, these org's will take them to court & Labour will lose & it will cost the taxpayer 'loadsa money' his Venezuela biz model wont work.

So they want to part nationalise a private company and give free broadband Seriously the service is poor at best, just imagine what it would be like. It won’t work. Here one , just promise everyone an acre of the Moon and if you’re good an extra acre on Mars. More realistic 🤣

BT claims does it? That's the same bt that's currently coining it in by monopolising the phone lines? Well I'm sure they're not exaggerating that figure in any way....(so they can keep coining it in hand over fist)

It’d make for an ‘interesting’ shareholder meeting next quarter!

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