5G could add $20 billion per year to the economy, Barclays predicts

Superfast 5G internet could add £15.7 billion to the U.K. economy every year by 2025, according to Barclays.

At the current rate of development, U.K. businesses would see revenue increase by £13 billion per year, while a slower-than-anticipated rollout would add £8.3 billion to business income, Barclays predicted. However, the future of 5G has become increasingly uncertain with some network providers warning the rollout could be hampered by political interference.

Speaking at the Mobile World Congress in February, Vodafone CEO Nick Read said banning Huawei from 5G infrastructure in Europe would set 5G rollouts back by two years. Meanwhile, Nokia CEO Rajeev Suri told CNBC earlier this year he thought 5G would be delayed in Europe due to regulatory hurdles.

Because money and profit will always trump health, or environmental concerns.

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