Poor investments in broadband facilities costs the Treasury a lot of money
There are assertions that the lack of sufficient investments in the broadband facilities in the UK seem to be costing the UK treasury much money by way of income tax every year.
Chief Executive Officer of point Topic, an analyst company, Mr. Oliver Johnson stated that with better and enhanced broadband network systems, the country would be in a position to make an extra sum of 4.4 trillion pounds annually in gross domestic product.
While talking to Total Telecom, Mr. Johnson elucidated that it would also earn 0.89 billion pounds additionally by way of tax receipts.
However if the earnings of the treasury was to be increased, the UK government would have to make sure that super-fast broadband was made available to residential homes as well as commercial enterprises throughout the country.
Mr. Johnson blamed the past and the existing ministers for not being prudent enough to ensure the requisite growth saying that it would cost too much.
The government had assigned a sum of 530 million pounds for the upgrade of broadband in the non-metropolitan regions with the view that a sum to the tune of 300 million pounds would be made available from the BBC license fee after three years, i.e. in the year 2015.
Nevertheless, critics are of the opinion that this grant was not sufficient as the government plans to offer universal coverage to broadband services of 2Mb.
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