Economy of Devon upon geographical location; Dartmoor, for instance, has recently seen a significant rise in the percentage of its inhabitants involved in the financial services sector. In 2003, the Met Office, the UK's national and international weather service, moved to Exeter. Devon is one of the rural counties, with the advantages and challenges characteristic of these. Despite this, the county's economy is also heavily influenced by its two main urban centres, Plymouth and Exeter. Nearly half of the holdings of the Duchy of Cornwall are in Devon, including a large area of farmland. Since the rise of seaside resorts with the arrival
Tramways in Exeter out the Exeter Tramway Company and construct a new system. The company and stock of the tramway was purchased by Exeter Corporation on 1 February 1904 for £6,749. Exeter Corporation Tramways built a new system of electric trams. The last horse-drawn tram ran on 4 April 1905. Going in front of the first electric tram service it travelled from the Guildhall and then along the High Street, down New North Road, to the tram shed and into retirement. From 1882 the Exeter Tramway Company had been operating a horse-drawn tramway service. The authority to run this service had been granted