There hasn’t been a lot of action from the new Government on broadband (or anything, really, yet) but this Economist article is food for thought about spending priorities:

When it comes to promoting economic activity, it is easy to see why having broadband is better than not having it, but most benefits are likely to come from wiring people up in the first place rather than making existing connections hum faster. In Japan and South Korea over 40% of households have fibre links capable of blazing speeds, but that does not seem to have resulted in more rapid economic growth, or the emergence of new applications unavailable to consumers with ordinary broadband.