New research from the Globalisation and Economic Policy Centre at The University of Nottingham has found that 1 in 7 private sector jobs are lost in the UK each year but more are created than destroyed. Based on 1997–2005 data from Customs and Excise (VAT registered businesses) and the Inland Revenue (PAYE registered businesses), the first comprehensive survey into this topic found that 2.65 million British private sector jobs are destroyed annually, and 2.76 million created (the equivalent of 51 000 lost and 53 000 created each week).
More UK Jobs Created Than Destroyed
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