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Labour’s broadband pledge: Why you should take the party seriously on nationalisation 

Be under no illusion: the party would seek to implement its radical plans for public ownership. But that doesn’t mean they will work

By Giles Wilkes  

Shadow Chancellor John McDonnell. Photo: Yui Mok/PA Wire/PA Images

Labour’s plan to take BT Openreach into public ownership and provide free broadband for all is the policy bombshell of the election campaign so far. The sharp initial fall of BT’s share price brings to mind that day in September 2013 when Ed Miliband unveiled his energy price freeze and the shares of Centrica (the owner of British Gas) took a bath.

It is rare for an opposition policy to set the pace like this, and on the surface surprising. Miliband at…

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