07 Oct Google Predicts Upsurge in UK Internet Jobs
Google’s economists predict that a UK boom in internet-based companies could create up to 365,000 jobs within five years, with the Internet accounting for a fifth of GDP growth.
Google European Vice-President Philipp Schindler thinks that despite European businesses struggling due to the recent crisis, Internet-related enterprises using the web effectively were still growing quickly. Schindler pointed out that the UK exports “close to £3 in e-commerce goods and services” for every pound imported, adding that the “UK is already doing relatively well … but the ratio could be significantly higher”.
Google, backed by other technology companies, insists that companies throughout Europe need to understand a series of technological “mega-trends” if they want to be able to enjoy the full benefits offered by the Internet. Recent trends including a shift toward mobile platforms, the introduction of Cloud-based computing technologies and online media could all help promote innovation.
Schindler also acknowledged Google’s plans to expand in the UK.