Economy
The Narrow Way (Church Street) remains a busy shopping area, and there is a large Tesco supermarket in nearby Morning Lane (Money Lane). This international store group was founded in Hackney, from a market stall in Well Street market in 1919. The Hackney Tesco site is currently subject to planning consultation that will see a multi-storey shopping centre (with parking beneath, and housing above) erected on the site, planned to open in 2011. A former Burberry factory building is also located off Morning Lane, with a 'factory outlet' that is considered to be Hackney's most visited tourist attraction. This site is currently being redeveloped, in two phases, that will see the retention of the showroom, but add housing above.
The primary local employers are the council and the NHS at Homerton University Hospital; there are also two London Transport garages, one at the foot of the Narroway, and another about 1 mile south at Ash Grove. Between Ash Grove and London Fields there is a small industrial estate.
Read more about this topic: Hackney Central
Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—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)
“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)