Employment Minister: 'The high street is changing'

Around 50 per cent of retailers will shed jobs in the first quarter of 2013, according to research by the British Retail Consortium.

Speaking to ITV Daybreak, Employment Minister Mark Hoban said that the overall employment figures are good, and that jobs are being created.

He added that the high street is changing and job descriptions will change too.

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Half of retailers will shed jobs

Around 50 per cent of retailers will shed jobs in the first quarter of 2013, according to research by the British Retail Consortium. The number of shops fell by almost 600 last month even before the recent collapse of a raft of High Street names.