The internet is a bigger part of the British economy than education, healthcare or construction. Britons generate more money online than any other G20 nation. But when it comes to high-speed broadband, the country is falling behind.
The UK’s average download speed is ranked 16th in Europe, according to IT company Akamai, and experts warn that the country is beginning to miss out as a result.
Ergo, high-speed broadband is not required to gain economic value from the internet. For we are gaining more economic value than others while having less high-speed broadband.
Not that The Guardian seems to be aware of this point. For they go on to say that obviously the answer is that the State should organise a monopoly company to roll out high-speed broadband. Apparently so that we can all have multiple channels of HDTV to watch as singletons.
Which doesn’t in fact sound like a huge addition of economic value to be honest.