Economy
The North West is historically linked with the textiles industry, mainly before the mid 20th century. The Greater Manchester region produces the most economic output according to GVA in 2007 with £46,189m. Followed by Lancashire with £22,470m, Cheshire £21,317m and Merseyside £19,112m and Cumbria with £7,379m.
According to research by Cushman and Wakefield in 2008, Manchester is the second best city to locate a business in the UK whilst Liverpool is the eleventh best city. The Financial Times stated that the North West economy, led by the redevelopment of Manchester and Liverpool, is a genuine rival to 'overheated London'.
The area's electricity, formerly looked after by MANWEB and NORWEB, is now looked after by ScottishPower Energy Networks and United Utilities respectively. The Morecambe Bay gas field provides 6% of the UK's natural gas.
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Famous quotes containing the word economy:
“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)
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)