8/25/2023 0 Comments London and ____ are two world cities at the heart of global economic decisions.London is today the centre of operations for almost two out of every three Fortune 500 companies and the European hub for one out of every three large global conglomerates. The manufacturing and construction industry, in contrast, employ half a million residents of Greater London, which is about 11 percent of the employable population of Greater London. Out of this, the financial sector alone employs about 1.25 million people, or about one in every three jobs available. The service sector employs 3.2 million people in London, which is about 85 percent of all jobs available in London's service industries. London trades more US dollars than New York does, and more Euros than all other cities in Europe combined. The city is also a major centre for forex trade. London is the home to many banks and financial institutions and has the maximum number of foreign banks in any city. The Port of London handles 48 million tons of cargo every year. The size of its economy is larger than that of several European nations. It has a GDP of over £565 billion, which is about 17 percent of the UK's total GDP. The city thrives in trade and commerce and has a vibrant culture seeped in commerce. London has always been a commercial city and today enjoys the status of having one of the largest city economies in the world. The London boroughs each have a council made up from representatives from political parties and single issue organizations elected every four years by local residents. They are responsible for local services not overseen by the GLA, such as local planning, schools, social services, local roads and refuse collection. On the other hand, the 33 local authorities are the 32 London borough councils and the City of London Corporation. The GLA is responsible for strategic planning, policing, the fire service, most aspects of transport and economic development. They are the Mayor of London, who has executive powers, and the London Assembly, who scrutinize the Mayor's decisions and can accept or reject his budget proposals each year. The Greater London Authority (GLA) consists of two elected parts. Citywide administration is coordinated by the Greater London Authority (GLA), while local administration is carried out by 33 smaller authorities. There are two tiers under local government in London. Located on Philpot Lane, the statue of two tiny mice eating cheese is dedicated to two builders who fell during construction of The Monument after an argument over a missing sandwich, that they blamed on each other but was actually the fault of a mice infestation. London has an official smallest statue.Apparently, six ravens are still kept in the tower today and they must remain there at all times due to superstitious reasons. Charles II’s ordered for six ravens to be placed in the Tower of London to protect it. The Tower of London houses six ravens.As one of the most diverse cities in the world, London houses over 8 million residents, who collectively speak over 300 languages, including Bengali, Gujarati, Punjabi, Cantonese, Mandarin, Hokkien and of course English.On the other hand, 20.73% of respondents declared that they followed no religion. According to the data collected during the 2011 census, 48.4% people in London identified themselves as Christian, 12.39% as Muslim, 5% Hindu, 1.82% Jewish,, 1% Buddhist and 0.6% Other religions.When it comes to religious beliefs, London is known to be diverse as most people identify themselves as Jewish, Muslim, Hindu and Buddhist.This is due to many people moving away from the city center. According to the 2011 census, 69.7% of the population is white based in London while across England and wale amounted to 86%.Compared to other cities in the United Kingdom, London is considered to be more diverse. According to the 2011 census, London had a population of 8,173,941.The next census is scheduled for 2021 in England and Wales. Census in the United Kingdom is done after every 10 years and 2011 was the last time that it was conducted.Some of the places that is makes it famous include the amazing ancient buildings, Big Ben, Trafalgar Square, Art Galleries, Palace of Westminster, London Eye and the Tower of London. It is famous for its astounding medieval buildings and modern structures that stand side by side to complement each other. Since the Middle Ages, London is renowned for influencing other cities around the world. It is the country’s economic, transportation, and cultural centre. London is among the oldest of the world’s great cities and one of the most cosmopolitan. It’s situated in southeastern of England. London is the capital city of England and the United Kingdom.
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