November 15, 2019 / 9:51 AM / 21 days ago

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

Britain's Prime Minister Boris Johnson reacts during his visit to the West Monkton CEVC Primary School during a general election campaign trail in Taunton, 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 nationalize telecoms provider BT’s fixed line network to provide free full-fiber 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 nationalizing a British business,” Johnson told BBC radio.

Reporting by Costas Pitas and Andy Bruce. Andrew MacAskill

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