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Britain is on the cusp of an internet boom in employment which could see as many as 365,000 new jobs created in the next five years according to the European head of Google.
Philipp Schindler, the London based vice-president of Google who is responsible for the search-giant operations across the continent, said that even in the present tough economic environment internet-related companies and business that used the internet successfully were still growing strongly.
He said that economists based in Google had compiled the estimates based on current economic forecasts for GDP growth in the UK for 2011-2015.
A study by McKinsey has shown that in France and in a mature economy like the UK, the internet is responsible for a fifth of GDP growth. In the UK, given the rate of job creation that economists associate with a rise in GDP, this translates into an expectation of hundreds of thousands of new jobs thanks to the internet, he said.
And I think that is on the conservative side. That is what could be achieved by putting a focus on this sector. That feels to me like a sizeable number.
Mr Schindler was speaking ahead of The Telegraph's Festival of Business in Manchester on Friday at which he will be giving a keynote speech.
Full article: http://www.telegraph.co.uk/finance/...gle-chief-predicts-UK-internet-jobs-boom.html
Philipp Schindler, the London based vice-president of Google who is responsible for the search-giant operations across the continent, said that even in the present tough economic environment internet-related companies and business that used the internet successfully were still growing strongly.
He said that economists based in Google had compiled the estimates based on current economic forecasts for GDP growth in the UK for 2011-2015.
A study by McKinsey has shown that in France and in a mature economy like the UK, the internet is responsible for a fifth of GDP growth. In the UK, given the rate of job creation that economists associate with a rise in GDP, this translates into an expectation of hundreds of thousands of new jobs thanks to the internet, he said.
And I think that is on the conservative side. That is what could be achieved by putting a focus on this sector. That feels to me like a sizeable number.
Mr Schindler was speaking ahead of The Telegraph's Festival of Business in Manchester on Friday at which he will be giving a keynote speech.
Full article: http://www.telegraph.co.uk/finance/...gle-chief-predicts-UK-internet-jobs-boom.html
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