Economy
See also: List of companies based in Newcastle upon TyneNewcastle played a major role during the 19th-century Industrial Revolution, and was a leading centre for coal mining and manufacturing. Heavy industries in Newcastle declined in the second half of the 20th century; office, service and retail employment are now the city's staples. The city is also today recognised for its commitment to environmental issues, with a programme planned for Newcastle to become "the first Carbon Neutral town".
Newcastle is the commercial, educational and, in partnership with nearby Gateshead, the cultural focus for North East England. As part of Tyneside, Newcastle's economy contributes around £13 billion to the UK GVA. The Central Business District is in the centre of the city, bounded by Haymarket, Central Station and the Quayside areas.
Read more about this topic: Newcastle Upon Tyne
Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—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)