Economy
This is a table of trends of regional gross value added of Hertfordshire at current basic prices with figures in millions of British Pounds Sterling.
| Year | Regional Gross Value Added | Agriculture | Industry | Services |
|---|---|---|---|---|
| 1995 | 11,742 | 96 | 3,292 | 8,354 |
| 2000 | 18,370 | 77 | 4,138 | 14,155 |
| 2003 | 20,937 | 82 | 4,348 | 16,507 |
Hertfordshire has headquarters of many large well-known UK companies. Hemel Hempstead is home to DSG International. Tesco are based in Cheshunt. Welwyn Garden City hosts Roche UK's headquarters (subsidiary of the Swiss pharmaceutical firm Hoffman-La Roche) and Cereal Partners production facilities, Pure Digital the DAB radio maker is based in Kings Langley. JD Wetherspoon is in Watford. Comet and Skanska are in Rickmansworth, whilst GlaxoSmithKline has plants in Ware and Stevenage. Hatfield used to be connected with the aircraft industry, as it was where de Havilland developed the world's first commercial jet liner, the Comet. Now the site is a business park and new campus for the University of Hertfordshire. This major new employment site is home to, among others, EE, Computacenter and Ocado. A subsidiary of BAE Systems, EADS and Finmeccanica in Stevenage, MBDA, develops missiles. In the same town EADS Astrium produces satellites. The National Pharmacy Association (NPA), the trade association for all of the UK's community pharmacies, is based in St. Albans.
Read more about this topic: Hertfordshire
Famous quotes containing the word economy:
“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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“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.”
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“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)