Economy
According to Trafford MBC, Hale Barns is in the top 10% wealthiest areas in England. As of the 2001 UK census, the Hale Barns ward had a possible workforce of approximately 6449 people. The economic activity of residents in the Hale Barns electoral ward was 36% in full-time employment, 12% in part-time employment, 28% self-employed, 1.5% unemployed, 1.7% students with jobs, 4.7% students without jobs, 18.7% retired, 7.3% looking after home or family, 2.6% permanently sick or disabled and 2.2% economically inactive for other reasons. Hale Barns has a very high rate of self-employment (28%) compared with rest of Trafford (16%) and England (17%). Hale Barns also has low rates of unemployment (1.5%) compared with Trafford (2.7%) and England (3.3%). The Office for National Statistics estimated that during the period of April 2001 to March 2002 the average gross weekly income of households in Hale Barns was £660 (£34,320 per year).
According to the 2001 UK census, the industry of employment of residents in Hale Barns was 22.9% property and business services, 15.7% retail and wholesale, 12.1% health and social work, 11.0% manufacturing, 9.4% education, 6.8% transport and communications, 4.7% finance, 4.5% construction, 3.9% hotels and restaurants, 3.2% public administration and defence, 0.6% energy and water supply, 0.5% agriculture, and 4.6% other. This was roughly in line with national figures, except for the town's relatively high percentage of workers in property and business services.
A shopping centre was built in Hale Barns in the 1960s called "The Square Shopping Centre". The site is now being considered for redevelopment and proposals were subjected to consultation in 2005. In 2007 the Council and Developer will be participating in a Planning Inquiry after the council refused planning permission for the proposed redevelopment.
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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)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
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