Sky has proved to be a growth oriented company
Oxford Economics has found out that Sky paid £2.3 billion as tax to the UK government. In addition it has supported about 120,000 British employments indirectly.
On the whole the broadband, home phone and TV provider has contributed £5.4 billion to the country’s gross domestic product (GDP) in 2011.
Sky, along with its business associates, retailers and suppliers has encouraged large scale business activities throughout the country.
During last year Sky had amassed a sale of £6.4 billion, out of which, £4.8 billion was retained in the UK itself.
It is noteworthy that its contribution to the GDP to the tune of £2.2 billion is about 40% of that by the whole TV and radio sector in the UK.
Jeremy Darroch of Sky remarked that the firm has been growing rapidly since is inception almost 20 years ago.
It has made huge investments, taken risks and concentrated on innovation and development. As a result it has established its reputation.
Its success in the business has won praise from the government as well as the shareholders.
Sky is an example for other companies in the UK to emulate. Sky did well even when unhealthy economic climate was prevailing.
Sky does not like to stop at it. It wants to make further investments and contribute even more to the treasury.
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