Economy
Unemployment in Torquay is high at 6.8% – this compares with 3.9% for Devon, and 5.0% for England as a whole.
Many locals were employed in the Pontins holiday centre before it was sold off.
Torquay is also the home of Beverage Brands, the owners of the popular and controversial alcoholic brand, WKD, and was the home of Suttons Seeds until it relocated to the neighbouring town of Paignton in 1998.
Read more about this topic: Torquay
Famous quotes containing the word economy:
“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)
“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)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)