Stat of the day: 34,000

The number of jobs Britain's supermarkets will create over the next few years.

by Elizabeth Anderson
Last Updated: 06 Nov 2012
The UK’s biggest supermarkets are pledging to lead from the front in creating new jobs in the private sector. At least 34,000 jobs will be created in the not-too-distant future, with Sainsbury’s alone pledging to create 20,000 jobs within the next three years.

The growth is sure to satisfy David Cameron’s wish to boost the private sector job-market in order to compensate for the estimated 300,000 job losses in the public sector. But while the numbers are impressive, at what cost will it be to smaller retailers? In November, 87% of new shop space given planning approval in 2009 went to the Briton’s ‘big four’ supermarkets. In the same period, more than 12,000 independent stores closed their doors on the UK’s high streets. So while the prime minister praises the supermarkets, the benefits may come at a high price for smaller retailers.

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