Johnson says Labour's plan to part-nationalise BT is 'crackpot'

FILE PHOTO - Britain's Prime Minister Boris Johnson looks out from the steering cabin of a tugboat during a general election campaign stop in the port of Bristol, Britain November 14, 2019. Frank Augstein/Pool via REUTERS

LONDON (Reuters) - British Prime Minister Boris Johnson said a pre-election promise by the opposition Labour Party to nationalise telecoms provider BT's BT.L fixed line network to provide free full-fibre broadband for all is a "crackpot scheme."

“What we won’t be doing is some crackpot scheme that would involve many, many tens of billions of taxpayers’ money nationalising a British business,” Johnson told BBC radio.

Reporting by Costas Pitas and Andy Bruce. Andrew MacAskill