London Borough of Haringey - Economy

Economy

In 2006, there were 8,200 businesses in Haringey employing a total of 64,700 people. This accounted for 1.6% of all employment in London.

Haringey's economy is dominated by small businesses with 94.2% of businesses employing less than 24 people. These small businesses account for 39.3% of total employment in the borough.

The main sectors of employment in Haringey are:

  • Retail and wholesale distribution - 19.9%
  • Health and social work - 19.0%
  • Real estate, renting and business activities - 15.3%
  • Education - 12.8%
  • Manufacturing - 8.3%
  • Public administration - 6.8%
  • Hotels and catering - 6.8%
  • Transport and communications - 6.6%
  • Construction - 3.5% (Source:Annual Business Inquiry)
Source

The principal shopping areas in the borough are Wood Green and Turnpike Lane, Muswell Hill, Crouch End, Harringay and Tottenham Hale.

Haringey is situated within the growth corridor connecting London with Stansted, Cambridge and Peterborough.

Read more about this topic:  London Borough Of Haringey

Famous quotes containing the word economy:

    I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.
    Calvin Coolidge (1872–1933)

    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)