UK paying too much for faster internet

8 February 2016

slow-internet-connection Manufacturers in the UK are coughing up money for no good reason, as they are paying "inflated" amounts to secure fast enough internet access. This is according to EEF, who found that a quarter of small firms and half of medium-sized firms were paying over £5,000 a year just to get access that suited their needs.

Residential customers have been given a priority over businesses, according to EEF, and they'd like to see that sorted out, stat!

"While the quality of networks isn't currently an issue, companies are paying inflated sums to have proper access and are fearful they will not have competitive access five years down the line," said Lee Hopley, EEF chief economist.

In their survey, over 90% told EEF that a high-speed internet connection was "as essential to business as electricity and water". Of course, with businesses paying over the odds to get at it, this is something of an issue. EEF themselves say that, without affordable access, Britain could miss out on the "fourth industrial revolution".

Ofcom are actually looking into this area, investigating the quality, price, and fairness of the broadband sector in the United Kingdom. One of the things being muttered about, is the break-up up BT. Would broadband in Britain be better if it was owned by a company that was independent of BT? Many think so.

It looks like there's going to be a shake-up of internet services over the coming years, so business access, and changes in who owns and maintains the network could be on the horizon.

TOPICS:   Technology   Broadband   Economy

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