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Friday, May 26, 2006
Markets more economically beneficial than supermarkets
Queen's Market in Newham has been the subject of research by the New Economics Foundation, conducted as Newham Council plans to sell the market site for redevelopment as a mixed-use scheme with attendant Asda. Their research, found via R&R, concludes that the street market is more economically beneficial, providing more than double the employed people per 10sq metres than a typical supermarket. The fresh produce at the market is also 52% cheaper than the similar goods at Asda. Additionally, and similarly unsurprisingly, the report highlights the cultural draw of markets- more than can be said for your average chain supermarket.

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