Sport, creative, digital and gambling industries, and the voluntary sector contributed ￡224.1 billion to the UK in 2018

Here’s how much money digital firms contribute to UK. Source:?shutterstock.com

LearnBonds revealed that digital industries contribute ￡149 billion per year to the UK economy, which is equivalent to ￡400 million a day.

That adds up to 7.7% of British gross domestic product (GDP), according to the Department for Digital Culture Media and Sport (DCMS).

The data showed the digital sector grew by 7.9% in 2018 compared to 2017. It means that growth in the sector is nearly six times larger than growth across the whole economy, which increased by 1.4%.

Digital firms cover numerous startup fintech industries from challenger banks like Revolut, money transfer companies like Transferwise to online mortgage brokers like Trussle.

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