Universal gigabit broadband a massive boost for UK economy

A full UK roll-out of gigabit broadband would provide a boost to the economy of 0.7% of GDP by 2025, the equivalent of over £13 billion, or an extra £217 per person a year. That’s according to research by Public First on behalf of Internet Association.

The Conservative government has committed to delivering “gigabit-capable broadband” nationwide by 2025. According to Internet Association, this would reduce the time it takes for consumers and workers to get tasks done or download and watch content.

It would also make possible new types of media, Internet of Things, augmented reality and virtual reality applications. This includes smart speakers that make it easier to order products quickly at home and communication apps that bring people closer together.

UK Executive Director Daniel Dyball says: “Ensuring access to high speed broadband will allow the UK economy and wider society to reap the benefits of the internet. Our member companies fully support the UK government’s objective to deliver this roll-out and help make the UK a digital powerhouse.”

He adds: “It is vital that we nurture the ‘virtuous circle of innovation’ in which new internet applications and services increase the demand for advanced broadband. That increased demand drives network improvements, which in turn leads to further innovative network uses. IA member companies are keen to play their part through providing attractive products and services that can be widely accessed – further stimulating demand for high-speed broadband.”