Online spending predicted to hit £40 billion
Cheaper broadband and faster Internet connections are helping to boost online spending to an expected £40 billion this year.
The figures come from price comparison website Uswitch, which analysed retail figures from the Office for National Statistics (ONS).
It said online spending would increase further to £162 billion by 2020 when it would be responsible for 40% of all retail sales, the BBC reported.
Broadband Internet connections are now in three-quarters of British homes.
