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So how much is the web worth to our UK economy?

28th October, 2010

So how much is the web worth to our UK economy?

This week we have listened to Radio Two in the background, not something we normally do at Tidy Design, you could say we are more inclined to listen to dance, trance or rock… Maybe some Rolling Stones and Pink Floyd followed by some Annie Mac on the BBC iPlayer! Anyway, our musical flavour of the day is beside the point!

Today’s news really shocked us; a study by Google reported that the internet is worth £100bn a year to the UK economy! The report found that the internet accounts for 7.2% of the UK’s GDP (Gross Domestic Product)! Now that is some serious coin!

After listening to this report I visited the BBC website to read more… It said “Small businesses that actively use the internet report sales growth more than four times greater than that of less active companies” which is great news for companies like ours who offer web design and web marketing services to these smaller businesses.

Mr Matt Brittin the managing director of Google UK said “the internet is a central pillar of the UK’s economy”… I guess time will tell exactly how much the web can support growth within smaller businesses and generate new employment opportunities in the UK! One thing for sure, we live in both exciting and daunting times!

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