The City of London as a Financial Center. The main branches of the City’s development. Major business and financial centre. The Bank of England. National Savings Bank. Financial Futures and Traded Options. The flag of the City of London. College of Law.
The City’s boundaries have remained almost unchanged since the Middle Ages, and it is now only a tiny part of the metropolis of London. It is often referred to as the City or the Square Mile, as it is just over one square mile (1.12 mile? / 2.90 KMI) in area. The City is today a major business and financial centre, ranking on a par with New York City as the leading centre of global finance; in the 19th century, the City served as the world"s primary business centre. The City has a resident population of approximately 8,000, but around 340,000 people work there, mainly in the financial services sector. The country"s economy has for a long time been directed through the great financial institutions which together are known as “The City”, capital “C”, and which are mainly located in the famous “Square Mile” of the City of London.The City developed its own code of law for the mercantile classes, developing such autonomy that Sir Laurence Gomme regarded the City as a separate Kingdom making its own laws. William rewarded London in granting the citizens a charter in 1075; the City of London was one of the few institutions where the English retained some authority. This "commune" was the origin of the City of London Corporation and the citizens gained the right to appoint, with the king"s consent, a Mayor in 1189 and to directly elect the Mayor from 1215. By the mid-19th century, with London still rapidly expanding in population and area, the City had already become only a small part of the wider metropolis. There has been a long tradition in Britain of directing the economy through the great financial institutions together known as “the City”, which until 1997 were located in the “Square Mile” of the City of London.In conclusion, I would like to say, that the City has diversified away from near exclusive office use in other ways. For example, several hotels and the City"s first department store have opened. However, large sections of the City remain very quiet at weekends, especially those areas in the eastern section of the City, and it is quite common to find pubs and cafes closed on these days. Some of the extra accommodation is in small pre-World War II listed buildings, which are not suitable for occupation by the large companies which now provide much of the City"s employment. London"s influence in politics , finance , education , entertainment , media , fashion , the arts and culture in general contributes to its global position.
План
Contents
Introduction
1. History
2. The City of London as a Financial Center
3. The main branches of the City’s development
Conclusion
Literature
Вывод
city london financial center
In conclusion, I would like to say, that the City has diversified away from near exclusive office use in other ways. For example, several hotels and the City"s first department store have opened. A shopping mall is being built at New Change, near St Paul"s Cathedral. However, large sections of the City remain very quiet at weekends, especially those areas in the eastern section of the City, and it is quite common to find pubs and cafes closed on these days.
The trend for purely office development is beginning to reverse as the Corporation encourages residential use, although the resident population is not expected to exceed 10,000 people. Some of the extra accommodation is in small pre-World War II listed buildings, which are not suitable for occupation by the large companies which now provide much of the City"s employment.
Central London is home to the headquarters of most of the UK"s top 100 listed companies (the FTSE 100 ) and more than 100 of Europe"s 500 largest. London"s influence in politics , finance , education , entertainment , media , fashion , the arts and culture in general contributes to its global position. It is a major tourist destination for both domestic and overseas visitors.
London has over 480 overseas banks, more than any other city in the world. Due to its prominent global role, London"s economy has been affected by the -global financial crisis of 20082009 . The City of London estimates that 70,000 jobs in finance will be cut within a year.
More than half of the UK"s top 100 listed companies (the FTSE 100 ) and over 100 of Europe"s 500 largest companies are headquartered in central London. Over 70% of the FTSE 100 are located within London"s metropolitan area, and 75% of Fortune 500 companies have offices in London.[136] The City of London is home to the Bank of England , London Stock Exchange , and Lloyds of London insurance market.
LITERATURE
1. Кощеева Н.Е. English Reader Part II. English history. М. 1972.
2. Пинягин Ю.Н. Великобритания: история, культура, образ жизни. - Пермь: Изд-во Перм. Ун-та, 1996. - 296.
3. Сотникова Н.М. City of London. Мн.: Выш. шк., 1997. - 255с.
4. Традиции, обычаи и привычки. М.: ИНФРА-М, 2001. - 127с.
5. London. 161 colour plates - map of the city centre. Thomas Benacci LTD. London. 2007.
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