UK online businesses have grown more than 50 times faster than the rest of the economy, according to a report from Barclays, but many remain unprepared for the rise of mobile devices.
The Barclays Online Business Outlook 2013 report highlighted a compound annual growth rate of 11.4 percent over the past three years for the 300 companies surveyed with a strong online presence. This outpaces the slow growth seen by the wider UK business community, which recorded an average increase of 0.2 percent over the same period.