Investing in digital technology could boost the economy by £ 232 billion over the next 20 years
- Technical investments in health and social services alone could add £ 33 billion to UK GDP
- Investing early could add £ 74 billion to the UK economy by 2025
- Covid-19 has accelerated flexible working and the provision of digital services
The UK economy could grow by £ 232 billion by 2040, if enough investments are made in digital technology across a wide range of sectors, according to a new report.
Digital advances in health and social services alone could add £ 33bn to UK gross domestic product, while retail and service sectors could potentially add £ 37bn.
Analysis by Virgin Media Business and the Center for Economics and Business Research (CEBR) think tank reveals three critical factors that would be required to achieve the desired economic results.
Additional digital investments will increase productivity and output in both the private an