Labour said the government raising £2.3 billion in the 4G auction instead of the £3.5 billion that was budgeted was a "blow" to George Osborne's economic plan.
This is yet another blow to George Osborne’s failing economic plan.
It shows how foolish and short-termist the Chancellor was to bank this cash in the autumn statement to make his borrowing figures look less bad.
He couldn’t bring himself to admit that borrowing was up so far this year but his trickery has now badly backfired.
4G was meant to earn £3.5 billion for government yet only £2.3 billion was achieved in the auction of phone frequencies.
With the announcement that 4G is confirmed for rollout across the UK later this year, what does the future hold for mobile data services?
After a highly secret process the UK mobile phone operators are shortly to find out who has won what in the auction of 4G licenses.