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‘Eye-watering’ business rates trigger broadband backlash
Yahoo Finance· 2025-10-27 20:08
Lutz Schüler, Virgin Media 02’s chief executive, has urged the Treasury to rethink its rates - Simon Dawson/Bloomberg Labour’s plans to overhaul business rates have sparked a backlash from the UK’s largest broadband companies, which say the “eye-watering” costs will harm vital infrastructure investment. Lutz Schüler, the chief executive of Virgin Media O2, said telecom groups building crucial mobile and broadband networks will be unintended victims of the Government’s rates plans, which are intended to s ...