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A business expert has spoken out against the Conservatives for their decision to oppose the government's broadband tax plans.

The Daily Telegraph's Head of Business, Damian Reece, has accused the party of being "myopic" for failing to acknowledge how beneficial funding raised through the move will be to providing fibre-optic broadband across the UK.

He explained in a column for the newspaper that, while disruptions may be caused in relation to the launch of the technology, it will be "worth paying for".

Shadow Culture Secretary Jeremy Hunt was also criticised for his claim the tax would be unfair to companies.

Mr Reece wrote: "Businesses, large and small, stand to be the biggest beneficiaries of superfast broadband."

The government recently launched a new consultation in relation to its new next generation broadband fund.

Business Secretary Lord Mandelson said the investment fund will help to provide super-fast broadband to 90 per cent of the UK by 2017.

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