Economy
It is public policy to maintain Park Royal as an industrial area. It is designated as an Opportunity Area, and in 2008 the Mayor of London's office published a draft Planning Framework which aspires to maintain, "growing economic clusters of food/drink, transport/logistics and television/film." The framework does not preclude use of parts of the site for housing.
In summer 2011, the London Borough of Hammersmith and Fulham launched a 'Park Royal City' plan for Old Oak Common, based around the immediate eastern border of Park Royal, including light-rail lines to nearby areas.
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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)
“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)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)