CorpComms Magazine

The Internet contributes £100 billion to the UK economy, delivering a greater share of the country's gross domestic product than the construction, transport and utilities industries, according to a study by global management consultancy Boston Consulting Group commissioned by Google.

Britain, whose e-commerce companies generate 250,000 jobs, is revealed to be the biggest exporter of e-commerce goods in the world, exporting £2.80 for every £1 imported, according to the report The Connected Kingdom: How the Internet is Transforming the UK Economy.

The prognosis is also good, with the web's current 7.2 per cent contribution to GDP predicted to rise to ten per cent by 2015. 

Sixty per cent of the £100 billion figure is attributed to online shopping transactions and connection to the Internet itself, in the cost of access, modems and routers for the 19 million UK households online.

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