BT claims Labour nationalisation plan would cost up to £100bn – business live

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Rolling coverage of the latest economic and financial news, including reaction to Labour’s pledge to bring BT under partial state ownership if elected

12.18pm GMT

The Press Association is reporting that shareholders have lost a high court battle over the 2008 takeover of HBOS.

The case was brought by almost 6,000 private investors who claimed they were not provided with the full details about the financial health of HBOS before the deal went through.

#Breaking Lloyds shareholders have lost a multimillion-pound High Court action over the acquisition of HBOS

12.00pm GMT

While the big tech giants will be taxed to help fund the broadband scheme, McDonnell says the cash will actually be funding the infrastructure that their businesses run on:

Yes, tech giants like Google and Facebook will have to pay a bit more for internet connectivity that they all benefit from.

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