London night view with Christmas light decoration on the streets.
Lovely winter cold weather of November 2022
The City of London is widely referred to simply as the City (differentiated from the phrase "the city of London" by capitalising City) and known as the Square Mile, as it is 1.12 sq mi (716.80 acres; 2.90 km2)in area. Both of these terms are also often used as metonyms for the United Kingdom's trading and financial services industries, which continue a notable history of being largely based in the City.The name London is now ordinarily used for a far wider area than just the city. London most often denotes the sprawling London metropolis, or the 32 Greater London boroughs, in addition to the City of London itself. This wider usage of London is documented as well-established in 1864, and the case of Lord Henry Seymour's Will.
The local authority for the City, namely the City of London Corporation, is unique in the UK and has some unusual responsibilities for a local council, such as being the police authority. It is also unusual in having responsibilities and ownerships beyond its boundaries. The corporation is headed by the Lord Mayor of the City of London (an office separate from, and much older than, the Mayor of London). The Lord Mayor, as of November 2022, is Nicholas Lyons. The City is made up of 25 wards, with administration at the historic Guildhall. Other historic sites include St Paul's Cathedral, Royal Exchange, Mansion House, Old Bailey, and Smithfield Market. Although not within the City, the adjacent Tower of London is part of its old defensive perimeter. The City has responsibility for five bridges in its capacity as trustee of the Bridge House Estates: Blackfriars Bridge, Millennium Bridge, Southwark Bridge, London Bridge and Tower Bridge.
The City is a major business and financial centre, and the Bank of England is headquartered in the city. Throughout the 19th century, the City was the world's primary business centre, and it continues to be a major meeting point for businesses. London came second (after New York) in the Global Financial Centres Index, published in 2022. The insurance industry is located in the eastern side of the city, around Lloyd's building. Since about the 1980s, a secondary financial district has existed outside the city, at Canary Wharf, 2.5 miles (4 km) to the east.
The City has a resident population of 9,401 (ONS estimate, mid-2016) but over 500,000 are employed there (2019 statistics), and some estimates put the number of workers in the City to be over 1 million. About three-quarters of the jobs in the City of London are in the financial, professional, and associated business services sectors. The legal profession forms a major component of the northern and western sides of the City, especially in the Temple and Chancery Lane areas where the Inns of Court are located, of which two-Inner Temple and Middle Temple-fall within the City of London boundary.
Fire bombing and post-World War II redevelopment have meant that the city, despite its history, has fewer intact historic structures than one might expect. Nonetheless, there remain many dozens of (mostly Victorian and Edwardian) fine buildings, typically in historicist and neoclassical style. They include the Monument to the Great Fire of London ("the Monument"), St Paul's Cathedral, the Guildhall, the Royal Exchange, Dr. Johnson's House, Mansion House and a great many churches, many designed by Sir Christopher Wren, who also designed St Paul's. 2 King's Bench Walk and Prince Henry's Room are notable historic survivors of heavy bombing of the Temple area, which has largely been rebuilt to its historic form. Another example of a bomb-damaged place having been restored is Staple Inn on Holborn. A few small sections of the Roman London Wall exist, for example near the Tower of London and in the Barbican area. Among the twentieth-century listed buildings are Bracken House, the first post World War II buildings in the country to be given statutory protection, and the whole of the Barbican and Golden Lane Estate.
The Tower of London is not in the city, but is a notable visitor attraction which brings tourists to the southeast of the city. Other landmark buildings with historical significance include the Bank of England, the Old Bailey, the Custom House, Smithfield Market, Leadenhall Market and St Bartholomew's Hospital. Noteworthy contemporary buildings include a number of modern high-rise buildings (see section below) as well as the Lloyd's building.
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