5G TECHNOLOGY TO BOOST UK ECONOMY BY UP TO £15.7BN BY 2025

  • A new Barclays report reveals that the introduction of a 5G mobile telecommunications network could increase annual UK business revenues by up to £15.7bn by 2025
  • The sectors set to see the highest revenue growth are distribution (£3.6bn), manufacturing (£2bn), professional services (£1.1bn) and business services (£1bn)
  • Despite the benefits, just four in ten (39%) business decision makers say they know how their business can make the most of 5G, and only 15% of businesses are currently thinking about how they can harness the new technology 

New research from Barclays Corporate Banking shows that 5G could supercharge the UK economy by up to £15.7bn per year by 2025 – but the opportunity could be missed because industry leaders still do not know enough about the benefits of investing in the technology.

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