The figures also show only 42% of businesses have their own web site. This figure breaks down as:
35% of small businesses (£50,000 to £500,000 turnover) have a site;
65% of medium businesses (£500,000 - £5 million);
86% of large businesses (over £5 million)
Overall, only 10% of businesses said their IT and telecoms budgets for the coming year would reduce, 65% said it would stay the same and 25% said it would increase.
Also, 14% of businesses expected their spend on outsourcing and contractors to increase, 68% said it would stay the same and 18% anticipated a decline.
The report was based on data collected from 500 interviews conducted during May 2003 with the person responsible for financial matters within companies.