Economy
The Mount Stuart Trust owns 28,000 acres on the island and is wholly controlled by five members of the Marquess of Bute’s family, plus an accountant and lawyer. None of them live on Bute.
Farming and tourism are the main industries on the island, along with fishing and forestry. Privately owned businesses include Telecom Service Centres (TSC), Port Bannatyne Marina and Boat Yard, the Ardmaleish Boatbuilding Company, Bute Fabrics Ltd, (an international weaver of contemporary woollen fabrics for upholstery and vertical applications), and the Scottish Mead Company.
The local radio station, Bute FM, found itself at the centre of a local controversy in 2010 after presenter Michael Blair was sacked and several volunteers walked out in sympathy. The situation was apparently exacerbated when the a phone-in show was prevented from airing complaints from listeners about the incident. The show's presenter resigned in protest stating that "for a community radio show to tell listeners they can't have their say on a show called 'Have Your Say' is just incredible."
Read more about this topic: Isle Of Bute
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)