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BT Group is responsible for generating 1 in every 75 produced in the UK, according to an independent report published today, making it one of the single largest corporate contributors to the UK economy.
' The Economic Impact of BT Group plc in the UK ' report, by Hatch Regeneris, shows that the communications company generated a 22.8 billion contribution to the UK's economy expressed as "Gross Value Added" (GVA)*, including a combined aggregate spend of 9.2 billion with UK suppliers during the 2017/18 financial year.
The report estimates that the equivalent of 290,000 full-time UK jobs are supported through BT's direct employment, its spending with contractors and suppliers and the discretionary spending of its employees. BT supported the direct employment of 82,500 people and further 12,300 contractors, reinforcing...