Shadow Chancellor John McDonnell has spoken in favour of greater investment in high-speed broadband during a keynote speech this week.

The MP was addressing delegates at the Labour Party Conference, currently taking place in Liverpool.

Mr McDonnell argued the case for a National Investment Bank, which would plough £250billion into the country’s infrastructure, including broadband services.

Outlining his economic vision, he argued that the Government should take a more “interventionist” approach to business and championed investment in a “high-tech” economy.

In a recent article which preceded his conference speech, he said that Britain should aspire to having the best broadband connections in the world and said inspiration could be taken from successful roll-out schemes in both China and South Korea.

“At the heart of Britain’s economic issues is the failure to invest,” he said.

“Business investment remains lower than its pre-2008 peak, and, improbably, the Government plans to cut its own investment further.”

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