UK PM Johnson says Labour's plan to part-nationalise BT is "crackpot"

British Prime Minister Boris Johnson said a pre-election promise by the opposition Labour Party to nationalize telecoms provider BT's fixed-line network to provide free full-fiber broadband for all is a "crackpot scheme."

"What we won't be doing is some crackpot scheme that would involve many, many tens of billions of taxpayers' money nationalizing a British business," Johnson told BBC radio.