Labour broadband plan ‘could cost £100bn’ says BT chief executive

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Shared November 15, 2019

For more on the fallout from Labour's broadband election pledge, head here:

Labour’s plan to give broadband away for free could end up costing as much as £100bn, according to BT chief executive Philip Jansen.

That figure would be five times as much Labour estimates - the party's figure is £20bn, plus around £230m annual running costs.

Mr Jansen said the cost of making broadband free could be as high as £5bn a year, and highlighted the company's £60bn pension liability.

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