Research carried out by Capital Economics and commissioned by Everything Everywhere shows that the faster download speeds delivered by 4G LTE mobile broadband could add 0.5% to the UK’s Gross Domestic Product (GDP) by the end of the decade - the equivalent of £75 billion. In addition, 4G in the UK could also create or safeguard 125,000 UK jobs and is expected to drive £5.5 billion of private investment into the UK economy by 2015.
Mark Pragnell, who wrote the report at Capital Economics, said “The introduction of 4G mobile broadband will create substantial long-term benefits for the economy and consumers, ultimately boosting UK GDP by as much as half a percentage point. The near-term £5.5bn private industry investment we project is substantial – and opportune for the wider economy given the recent investment slump.”
Everything Everywhere has launched a new website at www.4GBritain.org to support its push for 4G services in the UK.