Economy
The Narrow Way (Church Street) remains a busy shopping area, and there is a large Tesco supermarket in nearby Morning Lane (Money Lane). This international store group was founded in Hackney, from a market stall in Well Street market in 1919. The Hackney Tesco site is currently subject to planning consultation that will see a multi-storey shopping centre (with parking beneath, and housing above) erected on the site, planned to open in 2011. A former Burberry factory building is also located off Morning Lane, with a 'factory outlet' that is considered to be Hackney's most visited tourist attraction. This site is currently being redeveloped, in two phases, that will see the retention of the showroom, but add housing above.
The primary local employers are the council and the NHS at Homerton University Hospital; there are also two London Transport garages, one at the foot of the Narroway, and another about 1 mile south at Ash Grove. Between Ash Grove and London Fields there is a small industrial estate.
Read more about this topic: Hackney Central
Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)