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Online businesses are a growing force fro the UK jobs market, generating jobs and wealth for the nation’s economy, reducing the cost of living and driving new export business, says IMRG as it releases statistics on the number of people now working in ecommerce in the UK and on the likely future growth of staff numbers and new jobs opportunities in UK businesses.
James Roper, chief executive of IMRG said:

E-retail is making a huge contribution to the UK’s wider economic health, creating revenue, new employment and opportunities for people to purchase goods at lower prices

The UK first began trading 16 years ago, and since then the Compound Average Growth Rate (CAGR) of employment in online retail has been 18.9%, the trade association has found. If growth continues at this rate, there will be 1,000,000 e-jobs by 2013, and approaching 3,000,000 by 2020.

83% of the online retail businesses, surveyed in new research conducted by IMRG “the voice of e-retail”. The survey reveals that more than 600,000 British jobs are now either directly created in or support the UK’s estimated 150,000 online retail businesses.
James Roper also added:

Britain is recognised as leading the world in online retailing, representing a third of all online shopping in Europe, which presents unique and immediate opportunities to create more British jobs by expanding our cross-border trading, helped by global use of the English language, our respect as a trusted trading nation, our advanced payments, security and delivery infrastructures.

Roger concludes:

The internet empowers the entrepreneurs on whose success Britain’s future prosperity will rely, so it is vital that the next Government keeps itself well informed about e-business to ensure that it recognises when and why its help may be necessary, and to avoid making unworkable political demands that routinely undermine online trading.