Economy
Industrial scale pottery production has drastically declined since the 1970s; but specialist makers (Steelite) and smaller producers of high-value ceramics (Burleigh, Wade, Moorcroft) are thriving. Burslem is emerging as a centre for small, freelance creative businesses working in sectors such as fine art, animation and crafts as well as pottery.
Shopping options in the town centre have markedly declined, hit by the impact of nearby out-of-town retail parks that offer free parking. However, the evening economy is still active with a wide range of bars and restaurants mainly serving English and Indian food. The Leopard Inn, on Market Place, has become internationally well-known following its appearance on Most Haunted in 2007.
At Spring 2002 unemployment was running at 4.1 percent or 1,526 people in the Stoke-on-Trent North constituency; almost the same rate as the West Midlands as a whole. In Burslem at 2001 unemployment was 3.2 percent and declining.
In 2005, £2-million of new business park units for the creative industries was announced for the town. New business parks are planned for 2006/7 just to the north (Chatterley Valley, £40m+) and the south (Etruria Valley, £100m+) of the town.
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Famous quotes containing the word economy:
“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 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)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)