In brief... - Online sales to hit £40bn

Nov 16 2007

Online spending in the UK is on track to hit £40billion this year, according to latest figures.

That amount will quadruple to £162bn by 2020 when it will make up 40 per cent of total retail spend, price comparison website uSwitch.com predicts. Prices are on average 13 per cent cheaper than in stores. Savings made by shopping online would cover the cost of an annual broadband service within four months.