George Osborne humiliated as 4G auction comes up £1.2bn short

George Osborne humiliated as 4G auction comes up £1.2bn short

www.guardian.co.uk
New Chancellor left red-faced after Treasury expectations not met but smartphone users could soon be celebrating superfast wi-fiThe 4G auction has ended in a humiliation for George Osborne, pulling in £1.2bn less than expected for the Treasury. But it is a boon for smartphone users, leaving mobile networks with the spare...
George Osborne humiliated as 4G auction comes up £1.2bn short
                                       

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George Osborne's 4G wheeze backfires | Larry Elliott

www.guardian.co.uk
The chancellor's short-term political stunt to wrongfoot Ed Balls in the autumn statement does not look nearly so clever nowGeorge Osborne has been left with egg on his face as a result of the 4G auction. What looked like one heck of a wheeze at the time of the autumn...
George Osborne's 4G wheeze backfires | Larry Elliott

Disappointing 4G mobile broadband auction leaves Treasury £1.2bn short

www.guardian.co.uk
Mobile operators must pay £2.3bn for the extra bandwidth they need - but George Osborne had been pencilling in £3.5bnThe 4G auction - the biggest sale of British airwaves in a decade - has raised just £2.3bn for the public purse, a third less than the Treasury was counting on...
Disappointing 4G mobile broadband auction leaves Treasury £1.2bn short

Mobile phone companies braced for Ofcom to announce 4G winners

www.guardian.co.uk
Ofcom will reveal whether the auction of mobile airwaves has succeeded in raising the £3.5bn, anticipated by George OsborneThe results of the 4G auction - the biggest sale of British airwaves in over a decade - will be announced on Wednesday, with mobile phone networks Vodafone, O2 and EE expected...
Mobile phone companies braced for Ofcom to announce 4G winners

Boris Johnson urges Osborne to drop 'hair-shirt' agenda for UK economy

www.guardian.co.uk
London mayor tells Davos audience that it is time for chancellor to 'junk rhetoric of austerity' and boost confidence and spendingBoris Johnson has called on the government to drop its "hair-shirt, Stafford Cripps" agenda as he outlined a seven-point growth plan for London involving building thousands of new homes and...
Boris Johnson urges Osborne to drop 'hair-shirt' agenda for UK economy

London buses to hold radio wave spectrum auction for mobile firms

www.guardian.co.uk
Big networks to bid for smartphone use on radio waves across transport routes in capitalEvery day on London streets, fleets of buses jostle for space, their red liveries bearing the names of many different operators. On board, the bell rings, children draw on misted windows and passengers frown as someone...
London buses to hold radio wave spectrum auction for mobile firms

'Super-material' graphene gets government backing

www.guardian.co.uk
George Osborne allocates £22m towards commercialising material that has unmatched electronic and physical propertiesGeorge Osborne will announce details on Thursday of an almost £22m investment in commercialising graphene - a material scientists say could have applications ranging from telecommunications to electronics to energy technology.Graphene was isolated by two scientists at...
'Super-material' graphene gets government backing

Facebook Funneled Nearly Half A Billion Pounds Into The Cayman Islands Last Year

www.businessinsider.com
Accounts filed by Facebook Ireland this week show that the social media giant funneled £440m into an Irish sister company in 2011, which then shifted the money into a subsidiary in the Cayman Islands. The move forms part of a complex tax structure known as a "Double Irish", where large...
Facebook Funneled Nearly Half A Billion Pounds Into The Cayman Islands Last Year

Officials visiting Twitter, Facebook, cricket and football websites millions of times every month

www.telegraph.co.uk
George Osborne has been urged to deliver on a pre-election promise to reverse a tax raid on pensions by Gordon Brown....
Officials visiting Twitter, Facebook, cricket and football websites millions of times every month

U.K. 4G Auction Process Kicks Off: Applications For 800MHz, 2.6GHz Spectrum Now Being Accepted

techcrunch.com
It’s been a very long time coming but the U.K.’s 4G auction process has kicked off, with bidders having until 16:00 GMT today to submit their bids, along with a £100,000 deposit. The window for bidders to submit opened at 10:00 GMT. The spectrum going under the hammer sits in...
U.K. 4G Auction Process Kicks Off: Applications For 800MHz, 2.6GHz Spectrum Now Being Accepted
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