Budget promises billions for broadband

Tech and comms are as important to the British economy as the financial sector, Alistair Darling announced in today’s budget speech.

The government has promised 10 billion for the comms sector, 2.5 billion for businesses and 750 million for emerging technologies, as tech took a key focus in the budget plan for the next year.

Forecasting growth of 1.25 per cent in 2010, Chancellor Alistair Darling said: "The British economy is diverse, flexible and resilient which is why we can be confident in recovery."

Advertisement - Article continues below

He said the sources of growth would be varied, adding it will increasingly come from investing in so-called "industries of the future" including low-carbon technologies, advanced manufacturing and the communications sector.

"These industries, together, are as important to the British economy as the financial services sector," he added.

Among other investment plans, Darling promised 2.5 billion in investment in businesses and 750 million for emerging technologies, with the hopes of spurring growth in those areas, as well as creative industries. "This will encourage firms to bring forward investment, in particular those companies in the growth sectors that will deliver the rewarding jobs of the future," Darling said.

Darling also said the budget included 10 billion in investment for the telecommunications sector, adding "it is vital to ensure the entire country and economy benefits from the digital age".

Advertisement
Advertisement - Article continues below

The goal of the investment follows the Digital Britain report, which is looking to extend broadband access "to almost every community", Darling added.

Advertisement - Article continues below

Darling also stressed the importance of protecting the environment a sound message on Earth Day and said he was also presenting the "world's first ever carbon budget" that would see Britain cut emissions by 34 per cent by 2020.

This will be backed up by 405 million investment in creating greener manufacturing through new technology, he said.

The budget also reported cost savings from technology use some of which were reported yesterday in a government operations report.

The budget showed that the UK Border Agency is cutting 150 million, partially through new tech such as iris and facial recognition systems, while the police services are cutting 1 billion, partially by saving police time through mobile device use.

Click here to find out what IT firms were hoping to hear from the government in the budget.

Featured Resources

Top 5 challenges of migrating applications to the cloud

Explore how VMware Cloud on AWS helps to address common cloud migration challenges

Download now

3 reasons why now is the time to rethink your network

Changing requirements call for new solutions

Download now

All-flash buyer’s guide

Tips for evaluating Solid-State Arrays

Download now

Enabling enterprise machine and deep learning with intelligent storage

The power of AI can only be realised through efficient and performant delivery of data

Download now
Advertisement

Most Popular

Visit/infrastructure/server-storage/355118/hpe-warns-of-critical-bug-that-destroys-ssds-after-40000-hours
Server & storage

HPE warns of 'critical' bug that destroys SSDs after 40,000 hours

26 Mar 2020
Visit/software/video-conferencing/355138/zoom-beaming-ios-user-data-to-facebook-for-targeted-ads
video conferencing

Zoom beams iOS user data to Facebook for targeted ads

27 Mar 2020
Visit/software/355113/companies-offering-free-software-to-fight-covid-19
Software

These are the companies offering free software during the coronavirus crisis

25 Mar 2020
Visit/mobile/mobile-phones/355088/apple-lifts-iphone-purchase-restrictions
Mobile Phones

Apple lifts iPhone purchase restrictions

23 Mar 2020