New jobs for Nottingham show a strong and stable national economy

“The investor of today does not profit from yesterday’s growth.” Warren Buffett

News that 10 new shops are to open in Nottingham’s Victoria Centre is fantastic for the city. These new shops will create 250 direct jobs and create and support others through the supply chain (they will need goods & services delivered to operate etc.).

The new shops, combined with the £40 million refurbishment of the Victoria Centre all point to one thing; increased confidence by businesses and investors in the United Kingdom’s (“UK”) economy. They see stability and recovery, backed by sound economic policies at a national level permeating into towns and cities across the country.

And the statistics back this up.

Figures released by the Office for National Statistics (“ONS”), show that since the pre-economic crash downturn peak in early 2008, the UK’s GDP is 5.9% higher under the stewardship of George Osborne.

Independent forecasters show GDP growing for 2015 and 2016 at 2.5% and 2.3% respectively; serious growth in what remains a stagnant European market.

In another benefit to the Victoria Centre and Nottingham, real household disposable income increased by 2.0% between Quarter 1 2015 and Quarter 2 2015. This means people have more money in their pocket to save, spend or invest as they please. I would recommend visiting and spending some in the Victoria Centre…I know I will!

Despite the local Council’s anti-commerce policies in Nottingham, businesses know that a recovering national picture and global investor confidence in the current Government make Nottingham and the UK THE place to invest and grow.

The UK is on the right path, the deficit is down, jobs and growth are up. I look forward to even more good news for my city over the coming weeks, months and years under this Conservative Government.

A link to the article which contains further information about the new jobs can be found here.

Like what you read? Give Jamitros a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.