Vodafone has said that it will up its investment in its UK operations to £1 billion this year, opening 150 new stores and creating 1,400 jobs.

The first stores will open in London's Notting Hill, Fulham, Walthamstow, Wembley, Ilford, and across the country in Perry Barr and Bicester. The company said that the move would boost the UK’s high streets to the tune of £100 million.

Speaking in support of Vodafone's UK plans, the Prime Minister David Cameron said: "This is a fantastic vote of confidence in the UK workforce from a company investing for the future to harness the next generation of digital services. It is a sign that our long-term economic plan to create jobs and build a stronger, more competitive economy is working, helping ensure a better and more financially secure future for Britain, for hardworking people and their families."

Vodafone UK chief executive Jeroen Hoencamp said: "This year we'll invest more than ever before to provide our customers with the strongest network and best services in the UK. We're also committed to putting our brand and our people where our customers want us: right at the heart of their high street and shopping centre. Our £100 million retail investment this year will increase our ability to serve our customers better with highly skilled personal advice and support in 150 brand-new locations."