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Supermarkets and Recession the Case of the UK

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The level at which the recession can adversely affect the international and the local market can be identified through the example presented in the study of Pearce et al. (2006); the above researcher noted that ‘ an average of more than 500,000 businesses failed in the United States during each of the 10 recessions that have occurred since the end of World War II’ . The study of the practices of major financial institutions before the crisis leads to the assumption that the recession has been unavoidable; Kenc et al. (201) relate the recession with the subprime crisis; Rotheli (2010) note that a series of factors led to the appearance and the development of recession; these factors could be summarized as follows: ‘ Shortcomings on the side of monetary policy, rating agencies, and bank regulation’ (Rotheli, 2010, p. 119); moreover, it is made clear that ‘ the credit cycle is the mechanism that links the present financial crisis with earlier crisis’ (Rotheli, 2010, p. 119); in other words, the current financial crisis should be regarded as the continuation of previous financial crises; those crises were faced successfully but their reasons were not identified; for this reason, the same mistakes in the management of funds were repeated and the financial crisis appeared again. The effects of the recession on the supermarkets in the UK have been similar with those identified in firms in different industrial sectors; for this reason, the studies that examined the effects of recession on British market avoided to refer specifically to the supermarket sector; rather, they made clear that recession affected all British firms and this affection has many forms as explained below. One major effect of the recession on British firms – including supermarkets – is the limitation of opposition against the employers/ state in cases where violations of employee rights have taken place.

In the past – referring especially to the 1970s – workers in Britain used the occupation as a tool in order to make the employers and the government to respect their rights in work; in current recession occupation was not particularly used by workers as a tool to protect their rights; the specific fact is highlighted in the study of Gall (2010) where it is noted that ‘ the global recession of late 2007 onwards in Britain has witnessed very few examples of workers deploying this tactic, i.e.

the occupation, when compared with the recessions of the early 1980s and early 1990s’ (Gall, 2010, p. 107).

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