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London's future prosperity is at risk as a result of slow broadband speeds, a new report has claimed.

The House of Lords Select Committee on Digital Skills warned that the city has slipped to 26th in a chart of European capitals, based upon broadband speeds.

Cities such as Paris, Berlin, Dublin, Vienna, Reykjavik and Bucharest offer better connectivity for homes and businesses, the peers claimed in a 144-page report.

London's average broadband speed was found to be 25.44Mb, compared to Bucharest - the capital of former Communist nation Romania - which registered 80.14Mb.

Speaking to the Evening Standard, committee Chair Baroness Morgan said the report is a

“call to action” for the UK.

“We saw and heard lots of evidence of great entrepreneurship and creativity in London,” she stated. "But we also heard that there is a danger that London is not keeping up with its international competitors."

Baroness Morgan claimed the internet is important to the UK's future economic success, just as electricity was in the past.

"And that means super-fast broadband too," she added.

A spokesperson for the Mayor of London said Boris Johnson agrees more must be done to improve super-fast broadband access in London.

"He wants every corner of the capital to have access to the best possible digital connectivity," the representative stated.

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