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Re: [LUG] Fwd: UK 'misled' on broadband speeds


On Wed, Jul 28, 2010 at 08:45:09AM +0100, Neil Winchurst wrote:
> On 27/07/10 17:34, Shaun Orchard wrote: I don't know about the spread of
> the population is South Korea.  However, the point is that, yes, BT does
> have a difficult job. But it is made much worse by being a private
> company with shareholders to consider. And that is the problem for this
> country.
> Other countries such as South Korea just get the job done however easy or
> difficult it may be. While the UK situation continues we will always lag
> behind many other countries. Yes, I understand about the ageing copper
> network. This should have been improved years ago.  And how long have we
> had a private company running the show???
There is a cost to everything and while South Korea has been very
successfully managed as a country there are costs: 
- compulsory military service: 21 months with no conscientious objectors
- compulsory basic medical insurance with citizens required to buy
  additional medical insurance if required. Tried to find out the cost of
  this but the only figure I could find is
- South Korea spends about 4.6% of its annual budget on schools vs 5.6% in
  UK (source www.cia.gov)

If you want to push your MP to pass a law mandating faster broadband then
please advise where the money is going to come from. I cannot imagine many
people would agree to cutting education or the NHS to pay for faster
broadband access. 

If you want to price in BT shareholders then Share price at privatisation:
£1.30, share price now £1.42. (ie flat, excluding dividends). If you want
to price in dividends the return is better but I suspect privatisation of
BT was a good economic decision of the Government.

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