Butcher, Bob; Bursnall, Matt - In: National Institute Economic Review 225 (2013) 1, pp. 4-4
and to workplaces within firms. There are four main points:Job churn far outweighs net change. Before the downturn, an … from the creation of new workplaces set up within those firms.The net reduction in jobs in 2008–11 was not, in contrast … new workplaces, especially in SMEs (figure 1). This is consistent with ongoing credit constraints hitting SMEs …