THE MP for Gosport has highlighted the importance of the shops to the British economy as she called upon the government to provide greater assistance to the sector.
Caroline Dinenage took part in a debate in Parliament yesterday.
In the wake of the Portas review into the future of high streets along with the growing popularity of online shopping, Ms Dinenage advocated for greater support of the retail sector.
She said: ‘The government needs to take more action – if you consider the amount of financial support given to the banking industry that employs one million people – the retail industry employs four times that.
‘The importance of regenerating the retail sector can’t be understated, this industry makes up nearly 15 per cent of total employment and is crucial to the resurgence of our local economy.
‘Similarly, it is just as vital to our national economy, generating almost 11 per cent of GDP.’
It comes as Ms Dinenage has supported several new shops opening on Stoke Road in Gosport in recent months.