Commissioned by Vodafone UK, WPI Economics contributes to the growing literature that highlights the vast potential of the rollout of 5G (the fifth-generation mobile network) for individuals, families and society as a whole. This report focusses on one element of this in particular, the potential productivity gains, to show how the benefits of 5G could be felt across every region and nation of the UK.
Our research highlights just how big these gains could be were businesses to move from 4G to 5G, In the five years to 2025, cumulative benefits to UK output stand at more than £38bn, and for the five years to 2030, they stand at more than £120bn. Over 10 years, this means a productivity-based boost to UK output worth more than £150bn.
To read the full report, click here.