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A new report shows just how important the internet now is to the UK economy. The report from the Boston Consulting Group (BCG) estimates that web services contribute £100 billion to the economy – that’s 7.2% of the nation’s GDP. This is forecast to rise even further, to 10% of GDP by 2010, assuming that broadband access and speeds are improved.But despite the critical role of the internet, just 15% of Britons have broadband speeds of 5 megabits per second (Mbs) or more. Britain is ranked only 17th in the list of 23 OECD counties for internet speed. |
