Economy
Although once home to a number of different industries, Southwold's economy nowadays is mainly based on services, particularly hotels, holiday accommodation, catering, and tourism. With the surrounding areas largely given over to agriculture, the town is an important commercial centre for the area, with many independent shops and a market on Mondays and Thursdays. However there has been a marked trend in recent years for retailing chains, including food, clothing and stationery shops, to take over formerly independent retail premises.
Adnams Brewery is located in Southwold, and is the town's largest single employer. Although the fishing fleet and the industry generally is much diminished, Southwold Harbour remains one of the main fishing ports on the Suffolk coastline. In 2012, additional facilities for the fleet were constructed there, as part of the repair and reinstatement of the Harbour's North Wall.
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Famous quotes containing the word economy:
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
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—Alexander Herzen (1812–1870)