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Brits own £74bn-worth of technology

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22/11/2007

UK homes now accommodate over 400 million pieces of kit, equating to an average of 16 gadgets in every household and worth a staggering £74bn, according to bank First Direct.

The UK nation spends more money on televisions than any other gadget at a phenomenal £29bn, whilst £10bn is spent on computers and laptops. 

Chris Pilling, chief executive of First Direct, commented: “As pioneers of telephone and internet banking, First Direct has always used technology to put customers in charge of their money. This research indicates just how much the UK population relies on technology, which is why recognising the social trends in new product innovation is crucial.” 

Over 16m people claim to regularly use the internet for their banking and a further 8m people regularly shop online. 

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