City AM have published an article detailing Mayor of London Sadiq Khan’s support for Vodafone’s report, ‘Levelling up: How 5G can boost productivity across the UK’.
The report, which was commissioned by Vodafone but written by former Treasury economist Matthew Oakley from WPI Economics, found that an upgrade from 4G to 5G infrastructure would have a £120 billion benefit to the UK economy over 10 years, with a £37.5 billion benefit to London’s economy in this same timeframe.
In the foreword to the report, CEO of Vodafone UK Nick Jeffrey highlighted that the company is ‘committed to rolling out 5G networks across the UK’ and wants to ‘work with our partners in local and national government to ensure the path is clear for us to continue to invest in improving the nation’s connectivity’. He calls on the Government to bring forward its goal of 5G reaching the ‘majority of the country by 2027’ by two years to 2025 and highlights the ‘economic and societal benefits’ that 5G could bring.
Commenting on the publication of the report, Sadiq Khan said ‘As our economy begins to recover from the effects of Covid-19, we need to explore the potential of 5G to improve Londoners’ lives – from how they get around the city to how they access healthcare. Through our ambitious work on improving digital connectivity, we’re using London’s streets and the Tube network to improve fibre coverage and lay the foundations for 5G over the next decade.’
Summary by Lexington Communications