Yes, and it’s not Google’s predicted GDrive, but a service from British Telecommunications PLC (BT). The service is called BT Digital Vault.
I can not claim to have read all the terms and condition, but it appears that an 1GB online storage service will be free to BT broadband customer, and a 20GB service will cost £5 a month to all. The good news is that if you sign up before 2007 you get a 2GB free service, provided you use the service once every 90 days, regardless of your ISP.
The free service does not include the PC backup software/service (automated backup manager) so you can only manually upload files. The good news is that you can share folders and albums with friends or keep them private.
If you are interested in the service then you can find out more and sign up on the Digital Vault web site. Don’t forget to sign up before the end of the year and log in every 90 days for the free 2GB service.
Update: box.net are offering a similar service with a 1GB service for free.