Economy
Salisbury holds a market on Tuesdays and Saturdays and has held markets regularly since 1227. In the 15th century the Market Place was dotted with stone crosses marking the centres for certain trades and goods. Today only the Poultry Cross remains, to which flying buttresses were added in 1852. The other crosses were the Livestock Cross, the Cheese & Milk Cross and the Wool & Yarn Cross.
In 1226, King Henry III granted the Bishop of Salisbury a charter to hold a fair lasting 8 days from the Feast of the Assumption of Mary (15 August). Over the centuries the dates for the fair have moved around, but in its modern guise, a funfair is now held in the Market Place for three days from the third Monday in October. However, there is still an ancient law stating that the fair can be held in the Cathedral Close.
From 1833 to its demolition in the mid 1980s, the Salisbury Gas Light & Coke Company, who ran the city's gasworks were one of the major employers in the area.The company was formed in 1832 with a share capital of £8,000, and its first chairman was The 3rd Earl of Radnor The company was incorporated by a private Act of Parliament in 1864, and the Gas Orders Confirmation Act 1882 empowered the company to raise capital of up to £40,000. At its peak, the gasworks were producing not only coal gas but also coke which was sold off as the by-product of gas-making. Ammonical liquor which came out as another by-product in the making of gas, was mixed with sulphuric acid, dried and ground to make a powder which was sold as an agricultural fertiliser. The clinker from the retort house was sold to a firm in London to be used as purifier beds in the construction of sewage works .
Stonehenge, which is a UNESCO World Heritage Site is about 8 miles (13 km) northwest of Salisbury and greatly aids the local economy. The city itself, Old Sarum and the original cathedral also attract visitors.
Shopping centres include The Old George Mall, The Maltings, Winchester Street and the Crosskeys precinct.
Major employers include Salisbury District Hospital and Friends Life.
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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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)