Lord Carter set our target of 2Mbps and defends himself:

“Those who say that a Universal Service Obligation of 2Mbps is a ludicrously low ambition miss the point,” he said.

We do? Surely the point is that nations who have speeds of at least 100Mbps (Japan, Korea) are riding the high waves of technological superiority, and we have to make do with speeds just above dial-up.

If you set a high target and help companies roll them out efficiently, you will generate high-tech business in our nation at a time when it would seem appropriate (because you’re doing f*** all to help manufacturing, but can spare billions to help banks)?