Economy
Since the 1970s, Weston has suffered a decline in popularity as a holiday destination, as have most British seaside resorts, due to the advent of cheap foreign holidays and the demise of the traditional "works holidays" of heavy and manufacturing industries elsewhere in UK. The town had become a centre of industries such as helicopter production, and maintenance at the GKN Westland factory until its closure in 2002, however the company still retains a design office under the name GKN Aerospace Engineering Services at the Winterstoke Road site. Road transport links were improved with the M5 motorway running close by, and the town now supports light industries and distribution depots, including Lidl's distribution centre for its southern based stores, and is also a dormitory town for Bristol. Vutrix, one of the largest semiconductor and video/audio distribution equipment companies in the television broadcasting industry, is based in the town. Two of the town's largest employers are the local council and Weston College, which has recently begun to offer university degrees as a secondary campus of Bath Spa University.
Read more about this topic: Weston-super-Mare
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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)