Economy of Leeds


Economy of Leeds

Leeds, located in West Yorkshire, England, has a diverse economy with the service sector now dominating over the city's manufacturing industries. It has in the past been served well by its canal, and today by its rail network at Leeds station, from where MetroTrains operate to all parts of West Yorkshire and other operators to the rest of the country. With the A1(M), M1 and M62 intersecting at Leeds, it is a hub of the motorway network. Leeds Bradford International Airport is located to the north-west of the city and has scheduled flights to destinations within Europe, Egypt and Turkey, although competition from the newly opened Robin Hood Airport Doncaster Sheffield nearby could lead to a reduction in the airport's traffic over a long term period. The city had plans for a tram network, however the government pulled the scheme due to spiralling costs. The strongest theory for this is so funds can be redirected to London,Fact|date=September 2008 although a confirmed reason is still unknown. The refusal to release details as to why Supertram was cancelled called for an inquiry into corruption due to the Freedom of Information act. Leeds remains the largest city in the EU without a mass transit system.Fact|date=February 2007

These good transport links have been a major factor contributing to the growth of Leeds, and have led to the city becoming a major centre for distribution.Fact|date=September 2008 Retail is another major service and employer in the city centre, with a retail economy which has experienced a recent boom resulting in several new shops.Fact|date=September 2008 Briggate is one of Leeds' main shopping streets, with the Victoria Quarter and Harvey Nichols. The city centre also includes the world famous Leeds market, one of the largest city centre markets in the UK,Fact|date=September 2008 and over 8 indoor shopping centres. The Eastgate/Harewood Quarter and Trinity Qtr. will re-establish Leeds as one of the UK's top shopping centres.Fact|date=February 2007

Although, like much of the North of England, Leeds had its fair share of tough economic times during the 1970s and 1980s, it bounced back quickly by investing heavily in communications links in advance of the Internet.Fact|date=September 2008 This helped it become one of the major hubs for call-centres in the late 20th century, particularly for service-oriented companies.Fact|date=September 2008 Many outlying towns formerly relying on mining and heavy industry, found financial salvation in the 'reliable' sounding Yorkshire accent.Fact|date=February 2007 However, many of these large employers are now outsourcing many of these jobs to places like Bangalore in India, where staff costs are considerably lower.

Leeds has one of the UK's strongest local economies,Fact|date=September 2008 with unemployment at a record low.Fact|date=June 2008 Leeds is one of the largest financial centres in the country outside London and is also home to many legal and media firms.Fact|date=February 2007

See also

* List of companies based in Leeds


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Leeds — Rathaus von Leeds Koordinaten …   Deutsch Wikipedia

  • Leeds — This article is about the city of Leeds in England. For the administrative district, see City of Leeds. For other uses, see Leeds (disambiguation). Leeds   City and Metropolitan Borough   City of Leeds …   Wikipedia

  • Leeds United and Manchester United rivalry — The rivalry between Leeds United and Manchester United, sometimes nicknamed the Roses rivalry, [cite news|url=http://www.dailymail.co.uk/pages/live/articles/sport/football.html?in article id=302325 in page id=1779|publisher=Daily Mail|title=Smith …   Wikipedia

  • Leeds, Utah — Infobox Settlement official name = Leeds, Utah settlement type = Town nickname = motto = imagesize = image caption = image mapsize = 250px map caption = Location of Leeds, Utah mapsize1 = map caption1 = subdivision type = Country subdivision name …   Wikipedia

  • Economy of Northern Ireland — The economy of Northern Ireland is the smallest of the four countries in the United Kingdom. Northern Ireland has traditionally had an industrial economy, most notably in shipbuilding, rope manufacture and textiles, but most heavy industry has… …   Wikipedia

  • Economy of Wales — The Economy of Wales. In 2004, according to ONS provisional data, headline gross value added (GVA) in Wales was £39,243m, making the Welsh economy the tenth largest of the UK s twelve regions (counting Wales, Scotland and Northern Ireland… …   Wikipedia

  • List of companies based in Leeds — Leeds is home to the UK headquarters: *Ainsleys a bakers and sandwich retailer *Asda Walmart Supermarket chain *Arla Foods UK subsidiary of this Danish company *Carlsberg UK formerly Carlsberg Tetley *Empiredirect.co.uk online electrical… …   Wikipedia

  • City of Leeds — For the local government district in existence from 1835 to 1974, see County Borough of Leeds. City of Leeds   City Metropolitan borough   …   Wikipedia

  • Culture of Leeds — Leeds is known for its culture in the fields of art, architecture, music, sport as well as in film and television. As the largest city in Yorkshire, Leeds is a centre of Yorkshire s contemporary culture and is the base for Yorkshire s television… …   Wikipedia

  • Music in Leeds — Leeds has a thriving musical scene, and has produced many notable artists. These include both national chart topping bands such as Kaiser Chiefs, but also smaller, more local bands who play small venues around the city and make up the majority of …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.