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Recession: broadband will save the UK economy

Ofcom chief executive Ed Richards Ofcom, believes telecommunications will play a fundamental role in the UK's recovery from the recession.

Speaking...

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Ofcom chief executive Ed Richards Ofcom, believes telecommunications will play a fundamental role in the UK's recovery...

from the recession.

Speaking at the London School of Economics, he said the political mainstream considers telecoms infrastructure to be critical to the 21st century economy. "This is a topic no longer the preserve of physicists, engineers and economists. I would argue that no self respecting political leader can avoid having the digital economy as part of their plan for the future," he said.

Richards said UK and EU telecoms companies in Europe had been toughened up by several years of competition, which could given them an advantage compared to the rest of the world. "This is an advantage for both the telecoms industry as a whole, and almost the entire economy."

However, as reported in the Financial Times today, 3.8 million of the UK's 25.6 million homes are unable to receive the minimum 2mbps broadband speed set by the Digital Britain report published last month.

Watch Ed Richards' speech >>

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