Are you thinking of starting your own business in the UK? Well, according to the numbers, now may be a good time to do so.
In 2008, UK consumers were already spending 17% per retail pound online. Some experts predict that online shopping could make up as much as 40% of retail sales by 2020.
Verdict, a company specializing in retail research, made a forecast that British online retail spending would more than triple to £67 billion pounds in 2020 from £21 billion in 2009. That’s quite a fair bit of money and certainly an incentive for those of you who are thinking of starting your own business in the UK.