Hastings - Economy

Economy

Until the development of tourism, fishing was Hastings' major industry. The beach-launched fishing fleet, based at the Stade remains Europe's largest and has recently won accreditation for its sustainable methods. The fleet has been based on the same beach, below the cliffs at Hastings, for at least 400, possibly 600, years. Its longevity is attributed to the prolific fishing ground of Rye Bay nearby. Hastings fishing vessels are registered at Rye, and thus bear the letters "RX" (Rye,SusseX).

There are now various industrial estates that lie around the town, mostly on the outskirts, which include engineering, catering, motoring and construction; however, most of the jobs within the Borough are concentrated on health, public services, retail and education. 85% of the firms (in 2005) employed fewer than 10 people; as a consequence the unemployment rate was 3.3% (cf. East Sussex 1.7%). However, qualification levels are similar to the national average: 8.2% of the working-age population have no qualifications while 28% hold degree-level qualifications or higher, compared with 11% and 31% respectively across England.

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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)

    Everyone is always in favour of general economy and particular expenditure.
    Anthony, Sir Eden (1897–1977)

    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)