Economy Of London
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Economy Of London
The economy of London is dominated by service industries, particularly financial services and associated professional services, which have strong links with the economy in other parts of the United Kingdom (UK) and internationally. In addition to being the capital city of the United Kingdom, London is one of the world's leading financial centres for international business and commerce and is one of the "command centres" for the global economy. London is the most populous region, urban zone and metropolitan area in the United Kingdom. London had the fifth largest metropolitan economy in the world in 2011 according to the Brookings Institution. Some of its neighbourhoods have estimated per capita GVA as high as £116,800 ($162,200). The London fiscal surplus, £32.5 billion in 2016–17, mostly goes towards funding services in other parts of the UK. London generates approximately 22 per cent of the UK's GDP. 841,000 private sector businesses were based in London at the star ...
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London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Western Europe, with a population of 14.9 million. London stands on the River Thames in southeast England, at the head of a tidal estuary down to the North Sea, and has been a major settlement for nearly 2,000 years. Its ancient core and financial centre, the City of London, was founded by the Roman Empire, Romans as Londinium and has retained its medieval boundaries. The City of Westminster, to the west of the City of London, has been the centuries-long host of Government of the United Kingdom, the national government and Parliament of the United Kingdom, parliament. London grew rapidly 19th-century London, in the 19th century, becoming the world's List of largest cities throughout history, largest city at the time. Since the 19th cen ...
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Largest Cities Of The European Union By Population Within City Limits
This is a list of the largest cities in the European Union according to the population within their city boundary. The cities listed all have populations over 300,000. The list deals exclusively with the areas within city administrative boundaries as opposed to urban areas or larger urban zones (metropolitan areas), which are generally larger in terms of population than the main city (although they can also be smaller). As some cities have a very narrow boundary and others a very wide one, the list may not give an accurate view of the comparative magnitude of entire urban areas, and thus the figures in the list should be treated with caution. Common examples of confusion are Paris, where the Paris metropolitan area has different boundaries than the city proper, the City of Brussels that is confused with the Brussels-Capital Region, and Portuguese municipalities, where the population of the municipality's core may be significantly lower than the total population within its bound ...
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London Borough Of Haringey
The London Borough of Haringey ( , same as Harringay) is a London boroughs, London borough in north London, classified by some definitions as part of Inner London, and by others as part of Outer London. It was created in 1965 by the amalgamation of three former boroughs. It shares borders with six other London boroughs. Clockwise from the north, they are: London Borough of Enfield, Enfield, London Borough of Waltham Forest, Waltham Forest, London Borough of Hackney, Hackney, London Borough of Islington, Islington, London Borough of Camden, Camden, and London Borough of Barnet, Barnet. Haringey covers an area of more than . Some of the more familiar local landmarks include Alexandra Palace, Bruce Castle, Hornsey Town Hall, Jacksons Lane, Highpoint I and II, and Tottenham Hotspur F.C., Tottenham Hotspur Football Club. Areas such as Highgate, Muswell Hill and Crouch End are among the most prosperous in the country. Haringey is also a borough of contrasts geographically. From the woo ...
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London Borough Of Tower Hamlets
The London Borough of Tower Hamlets is a London boroughs, borough in London, England. Situated on the north bank of the River Thames and immediately east of the City of London, the borough spans much of the traditional East End of London and includes much of the regenerated London Docklands area. The 2019 mid-year population for the borough is estimated at 324,745. The borough was formed in 1965 by merger of the former Metropolitan boroughs of the County of London, metropolitan boroughs of Metropolitan Borough of Stepney, Stepney, Metropolitan Borough of Poplar, Poplar, and Metropolitan Borough of Bethnal Green, Bethnal Green. 'Tower Hamlets' was originally an alternative name for the historic Tower division, Tower Division; the area of south-east Middlesex, focused on (but not limited to) the area of the modern borough, which owed military service to the Tower of London. The Tower of London itself is located in the borough, adjacent to its western boundary with the City of L ...
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City Of Westminster
The City of Westminster is a London borough with City status in the United Kingdom, city status in Greater London, England. It is the site of the United Kingdom's Houses of Parliament and much of the British government. It contains a large part of central London, including most of the West End of London, West End, such as the major shopping areas around Oxford Street, Regent Street, Piccadilly and Bond Street, and the entertainment district of Soho. Many London landmarks are within the borough, including Buckingham Palace, Westminster Abbey, Whitehall, Westminster Cathedral, 10 Downing Street, and Trafalgar Square. The borough also has a number of major Westminster parks and open spaces, parks and open spaces, including Hyde Park, London, Hyde Park, and most of Regent's Park. Away from central London the borough also includes various inner suburbs, including St John's Wood, Maida Vale, Bayswater, Belgravia and Pimlico. The borough had a population of 204,300 at the 2021 census. ...
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City Of London
The City of London, also known as ''the City'', is a Ceremonial counties of England, ceremonial county and Districts of England, local government district with City status in the United Kingdom, city status in England. It is the Old town, historic centre of London, though it forms only a small part of the larger Greater London metropolis. The City of London had a population of 8,583 at the 2021 United Kingdom census, 2021 census, however over 500,000 people were employed in the area as of 2019. It has an area of , the source of the nickname ''the Square Mile''. The City is a unique local authority area governed by the City of London Corporation, which is led by the Lord Mayor of London, Lord Mayor of the City of London. Together with Canary Wharf and the West End of London, West End, the City of London forms the primary central business district of London, which is one of the leading financial centres of the world. The Bank of England and the London Stock Exchange are both ba ...
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London Borough Of Camden
The London Borough of Camden () is a London boroughs, borough in Inner London, England. Camden Town Hall, on Euston Road, lies north of Charing Cross. The borough was established on 1 April 1965 from the former Metropolitan boroughs of the County of London, metropolitan boroughs of Metropolitan Borough of Holborn, Holborn, Metropolitan Borough of St Pancras, St Pancras and Metropolitan Borough of Hampstead, Hampstead. To the south it shares with the City of Westminster parts of the West End of London, West End, where it also borders the City of London. The cultural and commercial land uses in the south contrast with the bustling mixed-use districts such as Camden Town and Kentish Town in the centre and leafy residential areas around Hampstead Heath in the north. Well known attractions include The British Museum, The British Library, the famous views from Parliament Hill, London, Parliament Hill, the London Zoo, the BT Tower, the converted The Roundhouse, Roundhouse entertainme ...
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Economy Of The United Kingdom
The United Kingdom has a highly developed social market economy. From 2017 to 2025 it has been the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), tenth-largest by purchasing power parity (PPP), and about 18th by nominal GDP per capita, constituting 2.4% of world GDP and 2.2% by purchasing power parity (PPP). The United Kingdom has one of the most globalised economies and comprises England, Scotland, Wales and Northern Ireland. In 2022, the United Kingdom was the fifth-largest exporter of goods and services in the world and the fourth-largest importer. It also had the fourth-largest outward foreign direct investment, and the fifteenth-largest inward foreign direct investment. In 2022, the United Kingdom's trade with the European Union accounted for 42% of the country's exports and 48% of its total imports. The United Kingdom has a highly efficient and strong social security system, which comprises roughly 24.5% of GDP ...
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London Fiscal Surplus
London, the capital of England and the United Kingdom, has a fiscal surplus since the tax collected is above the amount spent on local services. Of all the United Kingdom's statistical regions, London runs the highest surplus, both in absolute terms and per capita. In the 2016–17 fiscal year, London's surplus was £32.5 billion and its fiscal transfer was £38.6 billion. History The Labour Party manifesto for the 1964 United Kingdom general election mentions "drift to the south" and the imbalance of London's economy compared to other parts of the United Kingdom as problems to be addressed by the central government. The Labour Party won the election, and Harold Wilson's government made a requirement that all new government organisations be set up outside London to combat excessive centralization. However, the imbalance continued to increase. The London surplus averaged £15 billion between 2000 and 2009, around 4 to 9 per cent of the region's gross value added. ...
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Gross Value Added
In economics, gross value added (GVA) is the measure of the value of goods and service (economics), services produced in an area, industry or sector of an economy. "The ''gross value added'' is the Value of output (economy), value of output minus the value of intermediate consumption; it is a measure of the contribution to GDP made by an individual producer, industry or sector; gross value added is the source from which the primary incomes of the System of National Accounts (SNA) are generated and is therefore carried forward into the primary distribution of income account." Relationship to gross domestic product GVA is an important measure used to determine gross domestic product (GDP). GDP is an indicator of the health of a national economy and economic growth. It represents the monetary value of all products and services produced in the country within a defined period of time. "In comparing GVA and GDP, we can say that GVA is a better measure for the Welfare definition of econo ...
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Brookings Institution
The Brookings Institution, often stylized as Brookings, is an American think tank that conducts research and education in the social sciences, primarily in economics (and tax policy), metropolitan policy, governance, foreign policy, global economy, and economic development. Brookings states that its staff "represent diverse points of view" and describes itself as nonpartisan. Media outlets have variously described Brookings as Centrism in the United States, centrist, Modern liberalism in the United States, liberal, and Centre-left politics, center-left. The University of Pennsylvania's ''Global Go To Think Tank Index Report'' has named Brookings "Think Tank of the Year" and "Top Think Tank in the World" every year since 2008. History 20th century Brookings was founded in 1916 as the Institute for Government Research (IGR), with the mission of becoming "the first private organization devoted to analyzing public policy issues at the national level." The organization was founded o ...
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Metropolitan Economy
A metropolitan economy refers to the cohesive, naturally evolving concentration of industries, commerce, markets, firms, housing, human capital, infrastructure and other economic elements that are comprised in a particular metropolitan area. Rather than the definition of distinct urban and suburban economies that evolve and function independently, a metropolitan economy encompasses all interdependent jurisdictions of particular regional clusters. This type of economy has all its units functioning together in a trans-boundary landscape that often crosses city, county, state, province, and even national lines.Mark, M., Katz, B., Rahman, S., and Warren, D. Brookings MetroPolicy: Shaping A New Federal Partnership for a Metropolitan Nation. Metropolitan economies expand from the parochial view taken in urban economics which focuses entirely on a city's spatial structure, and broadens it into a metropolitan's spatial and social/economic structure. Development In the latest evolution ...
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