Economy
Until the development of tourism, fishing was Hastings' major industry. The beach-launched fishing fleet, based at the Stade remains Europe's largest and has recently won accreditation for its sustainable methods. The fleet has been based on the same beach, below the cliffs at Hastings, for at least 400, possibly 600, years. Its longevity is attributed to the prolific fishing ground of Rye Bay nearby. Hastings fishing vessels are registered at Rye, and thus bear the letters "RX" (Rye,SusseX).
There are now various industrial estates that lie around the town, mostly on the outskirts, which include engineering, catering, motoring and construction; however, most of the jobs within the Borough are concentrated on health, public services, retail and education. 85% of the firms (in 2005) employed fewer than 10 people; as a consequence the unemployment rate was 3.3% (cf. East Sussex 1.7%). However, qualification levels are similar to the national average: 8.2% of the working-age population have no qualifications while 28% hold degree-level qualifications or higher, compared with 11% and 31% respectively across England.
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Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“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)