Economy
Unemployment in Torquay is high at 6.8% – this compares with 3.9% for Devon, and 5.0% for England as a whole.
Many locals were employed in the Pontins holiday centre before it was sold off.
Torquay is also the home of Beverage Brands, the owners of the popular and controversial alcoholic brand, WKD, and was the home of Suttons Seeds until it relocated to the neighbouring town of Paignton in 1998.
Read more about this topic: Torquay
Famous quotes containing the word economy:
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)