Online Economy Worth £100 billion To The UK

The video discusses the emergence of a new online marketplace for unique gifts, highlighting its rapid growth and future ambitions. It examines the significant economic impact of the Internet, contributing £100 billion to the UK economy, with half from online shopping. The report suggests that the Internet's growth could surpass traditional industries like construction. Despite online shopping being less than 10% of total retail, the trend is shifting towards more online transactions. The video concludes by predicting a future where online and physical retail coexist, emphasizing the Internet's role in economic growth.

What are the ambitions of the businesses mentioned in the text for the future?

What is the percentage growth of the Internet's contribution to the economy last year?

According to the text, how does the Internet's contribution to the economy compare to the construction industry?

How much did UK retailers earn from online shopping according to the report?

What does the report suggest about the growth of British businesses using the Internet during the Great Recession?