UK: high speed internet yields annual online sales growth - report

Friday 22 August 2014 14:32 CET | News

High speed internet is predicted to boost annual online sales by GBP 740 million, according to “The effects of superfast broadband take-up on internet spending” report issued by parcels delivery company Royal Mail, reports.

Online shoppers have already increased their annual spending by GBP 225 million since UK’s implementation of high speed broadband.

The UK government expects to connect 95% of households to high speed internet by 2017, which will lift online sales by an additional GBP 515 million. In regards to Scotland and Wales, high speed internet caused users to increase their spending by 5.1% and 4.4%, respectively.

The lowest average increase was registered in South West of England at just 1.4%.

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Keywords: UK, high speed internet, online sales, ecommerce, growth, Customers, merchants, report, online purchases
Categories: Payments & Commerce
Countries: World
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