Current Affairs The General Election

Voting Intentions

  • Labour

    Votes: 209 61.1%
  • Tories

    Votes: 30 8.8%
  • Lib Dems

    Votes: 20 5.8%
  • Brexit Gubbins

    Votes: 8 2.3%
  • Greens

    Votes: 8 2.3%
  • UKIP

    Votes: 1 0.3%
  • Change UK, if that's their current moniker

    Votes: 1 0.3%
  • SNP

    Votes: 4 1.2%
  • DUP

    Votes: 3 0.9%
  • Sinn Fein

    Votes: 9 2.6%
  • Alliance

    Votes: 4 1.2%
  • SDLP

    Votes: 2 0.6%
  • Plaid Cymru

    Votes: 4 1.2%
  • Some fringe party with a catchy name

    Votes: 7 2.0%
  • A plague on all your houses

    Votes: 32 9.4%

  • Total voters
    342
  • Poll closed .
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On this. The estimates are that Labour's broadband policy would cost £100bn. The big 5 tech firms last year made £107bn in profit globally, so even if you made the ridiculous assumption that you could tax their global profits, that would still only bring in a shade over £20bn (at the current 19% tax rate). As the bulk of the income of these companies comes from the US, the likely figure is going to be several orders of magnitude smaller than that.

In other words, just taxing Google, Amazon et al at the appropriate rate won't come close to giving the government enough to nationalise the broadband industry.

I'm pretty sure Labour priced it at £20bn p/a. How are you arriving at a figure that is 500% higher?
 
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