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Last Updated: Monday, 12 November 2007, 02:50 GMT
Online spending 'to reach 40bn'
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Increased broadband use is fuelling online retailing, says the study
Online shopping in the UK is due to hit 40bn this year, a study estimates.

The figure comes from price comparision website, Uswitch, which says the boom is being fuelled by cheaper broadband deals and faster connection speeds.

A separate study from Forrester Research predicts that online Christmas shopping will reach 13.8bn this year, a 42% increase on 2006.

Uswitch's 2007 figure is based on data pulled from official Office for National Statistics retail numbers.

It predicts that the UK's online spending will further rise to 162bn by 2020, when it will make up 40% of total retail sales.

More than three quarters of British homes now have broadband internet.

SEE ALSO
Online advertising 'growing fast'
11 Jul 07 |  Business
Can you be addicted to eBay?
02 Jul 07 |  Health
Online fashion sales 'top 1bn'
31 Jan 07 |  Business
Christmas web sales 'hit 7.7bn'
17 Jan 07 |  Business

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