Economy
Historically, the economy of the area has strong links with the transport industry. The proximity of substantial waterways made shipbuilding a major industry in the south of the borough, and today the pleasure boat industry still dominates the area around Hamble-le-Rice and Bursledon, made famous by the television drama series on the subject, Howards' Way, which was filmed in the area. The borough is also strongly linked with the Spitfire, the first test flights of which took place from Southampton Airport in Eastleigh.
The economy of the borough today is dominated by the retail sector, which accounts for around 33 per cent of the jobs in the borough, and this proportion is rising. As well as the large Swan Centre, a shopping centre in the town of Eastleigh, there is a large out-of-town retail development near Hedge End which includes flagship stores for Marks & Spencer and Sainsbury's among others. Eastleigh also has proportionately more manufacturing and construction jobs than the nation, but the number of jobs in these sectors is declining in the borough.
The B&Q head office is in the Portswood House in Eastleigh, Eastleigh borough.
Read more about this topic: Borough Of Eastleigh
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“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)