BT Group is worth a total of £24 billion to the UK economy says independent report

Around £9 billion spent on suppliers and for services

BT Group added £24 billion to the wider UK economy last year and supported nearly 300,000 jobs, according to a new report published today.

The report from consultancy firm Hatch looked at what employees and suppliers of BT Group spent ( EE, BT, Plusnet and Openreach) and the estimated knock-on impact that has on economies across the UK.

The report found that BT Group, which employs around 80,000 people in the UK, made a direct contribution to the economy estimated at £11 billion in the last financial year (2021/22).

BT spending with UK-based suppliers added £9.3 billion. According to the study, BT Group’s combined activities supported a knock-on total of 284,00 jobs across the UK.

The report highlights BT Group’s presence in every region in the UK and its current major investment in the rollout of full-fibre broadband and 5G.

“We’ve continued our major investment in building next-generation full fibre and mobile connectivity rapidly across the UK. We’ve already reached 9.6 million premises with full fibre, and our 5G mobile network now reaches 60 per cent of the UK population. The benefits to families and businesses are huge: new jobs, economic growth and innovation, across every nation and region.” said BT Group CEO Philip Jansen.