Autumn Statement: Boost for business broadband

Two million British businesses and homes could benefit from a faster internet connection following announcements made by the Chancellor in the Autumn Statement.

Philip Hammond announced a £400 million investment in boosting broadband speeds as well as £740 million to help develop 5G mobile networks.

The broadband investment will support the extension of speedy fibre-optic networks across the UK, giving companies a more reliable connection.

The cables will run directly into business premises, instead of via a cabinet which transmits the connection using copper cables. The government estimates millions will get what’s being called ‘full fibre’ broadband, offering speeds of up to 1GB a second.

Alex Neill, Which? managing director of home and legal services, said: "Broadband is an essential part of modern life. The UK has lagged behind many other countries and people regularly have problems with speed and connectivity.

"This extra investment must lead to a big improvement by the industry, so that consumers get faster, more reliable broadband and automatic compensation when things go wrong.”

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(Image: Kainet)