Economy
Canterbury district retains approximately 4,761 businesses, up to 60,000 full- and part-time employees and was worth £1.3 billion in 2001. This makes the district the second largest economy in Kent. Unemployment in the city has dropped significantly since 2001 owing to the opening of the Whitefriars shopping complex which introduced thousands of job opportunities. In April 2008, the Archbishop of Canterbury, Dr. Rowan Williams, controversially demanded that salary caps should be implemented to curb the pay of the rich in an attempt to manage the growth of the economy. The city's economy benefits mainly from significant economic projects such as the Canterbury Enterprise Hub, Lakesview International Business Park and the Whitefriars retail development. Tourism contributes £258M to the Canterbury economy and has been a "cornerstone of the local economy" for a number of years; Canterbury Cathedral alone generates over one million visitors a year. Canterbury has a high per capita GDP, it is higher than the Kent average of $42,500 at $51,900 making it one of the wealthiest towns in the South East. The registered unemployment rate as of September 2011 stands at 5.7%.
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Famous quotes containing the word economy:
“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)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)