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UK Gov finds extra £50m for superfast broadband

Chancellor of the Exchequer, George Osborne, has announced a further £50 million for the plan to push the roll-out of super-fast broadband.

While the ConDem coalition wields the axe willy-nilly across most of the board, the public schoolboys' alliance still seems to think that the Interweb is the future for jobs and commerce on the septic isles.

The Government is to make the funds available to public authorities able to convince padded suits at the Broadband Delivery outfit (BDUK), that they deserve a slice of the substantial pie.

The Government wants to channel the money towards local authorities in areas where "where the market alone would not reach".

"We want to have the best superfast broadband network in Europe by 2015 and today’s £50 million will benefit up to 800,000 homes and businesses, Osborne flanneled. "This is very much a locally-driven process and we encourage bids from all local people with plans for improving broadband in their local area."

BDUK now has some £530 million in its coffers, which is supposed to "support broadband and stimulate further private sector investment".

Back in December, announcing an investment in broadband that the Government reckoned was worth some £830 million in total Secretary of State for Olympics, Culture, Media and Sport Jeremy "rhyming slang" Hunt said: "A superfast network will be the foundation for a new economic dynamism, creating hundreds of thousands of jobs and adding billions to our GDP. But it is not just about the economy, around the world there are countless examples of superfast broadband helping to build a fairer and more prosperous society, and to transform the relationship between Government and citizens. And shifting Government services online will save billions of pounds of taxpayers’ money."