Economy
The closure of the Dockyard has had the effect of changing the employment statistics of the town. About 7000 people lost their jobs. The unemployment rate went down to 23.5%. There has been a concerted effort to revitalise the Thames Gateway area and one of the largest employers in Chatham is now Vanquis Bank Ltd, a subsidiary of Provident Financial.
Read more about this topic: Chatham, Kent
Famous quotes containing the word economy:
“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)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)