Economy
The closure of the Dockyard has had the effect of changing the employment statistics of the town. About 7000 people lost their jobs. The unemployment rate went down to 23.5%. There has been a concerted effort to revitalise the Thames Gateway area and one of the largest employers in Chatham is now Vanquis Bank Ltd, a subsidiary of Provident Financial.
Read more about this topic: Chatham, Kent
Famous quotes containing the word economy:
“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)
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)