City of London

The **City of London** is a ancient borough in Greater London, England. It is the historic core of London around which, along with Westminster, the modern conurbation grew. The City's boundaries have remained almost constant since the Middle Ages, and hence it is now only a tiny part of the much larger London metropolis. It is often referred to as **the City** or the **Square Mile** and rarely **Londinium**, as it is almost exactly one square mile (2.6 km²) in area.

These terms are also often used as metonyms for the United Kingdom's financial services industry, which is principally based there. The City is *not* one of the 32 London boroughs.

In the mediaeval period the City was the full extent of London, and distinct from the nearby but separate settlement of Westminster, which became the City of Westminster. The term *London* now refers to a much larger conurbation containing both cities. The City of London is still part of London's city centre, but most of London's metropolitan functions apart from financial services are centred on the West End. 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. The City has a resident population of under 10,000, whilst it employs 340,000 professional workers, mainly in the financial sector, making the area's transport system extremely busy during peak times. It is known as the richest square mile in the world.

The City is governed by the City of London Corporation, which has some unusual responsibilities for a local authority, such as being the police authority for the City. It also has responsibilities and ownerships beyond the City's boundaries.

The Latin motto of the City of London is "*Domine dirige nos*", which translates as "*Lord, guide us*".

## Extent

The City of London is England's smallest ceremonial county by both population and area covered and is the second smallest British city in both population and size, after St David's in Wales.

### Changes over time

The size of the City was constrained by a defensive perimeter wall, known as London Wall, which was built by the Romans in the late 2nd century to protect their strategic port city. However, the boundaries of the City of London are no longer the old city wall as the City has expanded its jurisdiction slightly over time. During the medieval era, the City's jurisdiction expanded westwards along Fleet Street to Temple Bar and also took in the other "City bars" such as at Holborn, Aldersgate, Bishopsgate and Aldgate. These were the important entrances to the City and their control was vital in maintaining the City's special privileges over certain trades.

The walls have disappeared, although several sections remain visible. A section near the Museum of London was revealed after the devastation of an air-raid on 29 December 1940 at the height of the Blitz. Other visible sections are at St Alphage, and there are two sections near the Tower of London.

The boundary of the City remained fixed until boundary changes in 1993, when it expanded slightly to the west, north and east, taking small parcels of land from the London Boroughs of Westminster, Camden, Islington, Hackney and Tower Hamlets. The 1993 boundary changes were done primarily to tidy up the boundary in places where the urban landscape had changed so dramatically that the old boundary was meaningless. In the process the City lost small parcels of land, though there was an overall net gain of land. Most notably, the changes placed the (then recently developed) Broadgate estate entirely in the City.

Southwark, to the south of the City on the other side of the Thames, came within the City between 1550 and 1899 as the *Ward of Bridge Without*. Today it forms part of the London Borough of Southwark. The Tower of London has always been outside the City and today comes under Tower Hamlets.

### Today's boundary

 File:773px-City of London map 01.jpg
Beginning in the west, where the City borders Westminster, the border cuts across the Victoria Embankment from the Thames, passing to the west of Middle Temple, then going east along Strand and Fleet Street, north up Chancery Lane, where it becomes instead the border with Camden. It continues north to Holborn, turns east, continues to Holborn Circus, and then goes northeast to Charterhouse Street. As it crosses Farringdon Road it becomes the border with Islington. It continues to Aldersgate, goes north, and turns east into some back streets soon after Aldersgate becomes Goswell Road. Here, at Baltic Street West, is the most northerly extent of the City. The border includes all of the Barbican Estate and ends up on Ropemaker Street which, as it continues east past Moorgate, becomes South Place. It goes north, becomes the border with Hackney, then east, north, east on back streets, with Worship Street as the most northerly extent before the border turns south at Norton Folgate and becomes the border with Tower Hamlets. It continues south into Bishopsgate, and takes some backstreets to Middlesex Street where it continues south-east then south. It makes a divergence to the west at the end of Middlesex Street to allow the Tower of London to be in Tower Hamlets, and then reaches the river.

The City's boundary runs down the centre of the Thames, though the City controls the full spans of London Bridge and Blackfriars Bridge but only half of the river underneath them, a feature which is highly unusual in British local administration. The boundaries of the City are marked by black bollards bearing the City's emblem, and at major entrances, such as at Temple Bar on Fleet Street, a grander monument, with a dragon facing outwards, marks the boundary.

In some places the financial district extends slightly beyond the political boundaries of the City, notably to the north and east, into the London Boroughs of Tower Hamlets, Hackney and Islington, and informally these locations are seen as part of the "Square Mile". Since the 1990s the eastern fringe of the City, extending into Hackney and Tower Hamlets, has increasingly been a focus for large office developments due to the availability of large sites there compared to within the City.

## Present Day Developments

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 commercial buildings, which are not suitable for occupation by the large companies which now provide much of the City's employment.

Since the 1990s, the City has diversified away from near exclusive office use in other ways. For example, several hotels have opened and the City's first department store. A shopping mall has recently been 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.

Large developments in the City.

Bishopsgate Tower - 63 floors, 288 m

Heron Tower - 47 floors, 246 m

Leadenhall Building - 48 floors, 225 m

100 Bishopsgate - 165 m (Construction Start 2011)

The Walkie Talkie Tower - 36 floors, 160 m

Many more developments are under construction or approved, many of them mid-rise buildings, including 'The Heron' at 112 m.

## Financial industry

The City houses the London Stock Exchange (shares and bonds), Lloyd's of London (insurance) and the Bank of England. The Docklands began development in the 1980s as an alternative financial centre for London and is now home to the Financial Services Authority, as well as important financial institutions such as Deutsche Bank, Credit Suisse, Barclays Bank, Bank of America, Citigroup and HSBC. There are over 500 banks with offices in the City and Docklands, with established leads in areas such as Eurobonds, foreign exchange markets, energy futures and global insurance. The Alternative Investments Market has been a growth market over the past decade, allowing London to also expand as an international equity centre for smaller firms.

Since 1991 Canary Wharf a few miles east of the City in Tower Hamlets, has become a second centre for London's financial services industry and now houses banks and other institutions formerly located in the Square Mile. However, fears that the City would be damaged by this development appear to have been unfounded with growth occurring in both locations. Canary Wharf may have been of great service to the Square Mile by providing large floorplate office buildings at a time when this was difficult within the City boundary, and therefore preventing companies such as HSBC from relocating abroad.

## Local government

(See also City of London Corporation)
The City of London has a unique political status (*sui generis*), a legacy of its uninterrupted integrity as a corporate city since the Anglo Saxon period and its singular relationship with the Crown. Historically its system of government was not unusual, but it was not reformed by the Municipal Reform Act 1835 and little changed by later reforms.

It is administered by the City of London Corporation, headed by the Lord Mayor of London (not the same as the more recently created position of Mayor of London). The City is a ceremonial county, although it has a Commission, headed by the Lord Mayor, instead of a Lord-Lieutenant.

The City contains two independent enclaves, Inner Temple and Middle Temple. These form part of the City and ceremonial county, but are not governed by the City of London Corporation. The Corporation governs the rest of the City and is responsible for a number of functions and owns a number of locations beyond the City's boundaries.

The City is made up of 25 Wards which have recently had their boundaries changed, though the number of wards and their names have not changed.

### Elections

The City has a unique electoral system. Most of its voters are representatives of businesses and other bodies that occupy premises in the City. Its ancient wards have very unequal numbers of voters.

The principal justification for the non-resident vote is that about 450,000 non-residents constitute the city's day-time population and use most of its services, far outnumbering the City's residents, who are fewer than 10,000. Nevertheless, the system has long been the cause of controversy. The business vote was abolished in all other UK local authority elections in 1969.

A private act of Parliament in 2002 reformed the voting system for electing Members to the Corporation of London and received the Royal Assent on 7 November 2002. Under the new system, the number of non-resident voters has doubled from 16,000 to 32,000. Previously disfranchised firms (and other organizations) are entitled to nominate voters, in addition to those already represented, and all such bodies are now required to choose their voters in a representative fashion.

Bodies employing fewer than ten people may appoint one voter; those employing ten to 50 people may appoint one voter for every five employees; those employing more than 50 people may appoint ten voters and one additional voter for each 50 employees beyond the first 50.

The Act also removed other anomalies that had developed within the City's system, which had been unchanged since the 1850s.

### Proposals for further change

The present system is widely seen as undemocratic, but adopting a more conventional system would place the 7,800 residents of the City in control of the local planning and other functions of a major financial capital that provides most of its services to hundreds of thousands of non-residents.

Proposals to annex the City to one of the neighbouring London boroughs, possibly the City of Westminster, have not widely been taken seriously. One proposal floated as a possible reform is to allow those who work in the City to each have a direct individual vote, rather than businesses being represented by appointed voters.

In May 2006 the Lord Chancellor stated to Parliament that the government was minded to examine the issue of City elections at a later date, probably after 2009, in order to assess how the new system has bedded down.

### Other functions

The Corporation owns and is responsible for a number of locations beyond the boundaries of the City. These include various open spaces (parks, forests and commons) in and around London, including most of Epping Forest and Hampstead Heath. Within the City, the Corporation owns and runs the Smithfield Market, but it also owns Old Spitalfields Market and Billingsgate Fish Market, both of which are within the neighbouring London Borough of Tower Hamlets. The Corporation also owns and helps fund the Old Bailey criminal court, despite its use as a central criminal court for England and Wales.

The City has its own independent police force, the City of London Police - the Corporation is the police authority. The rest of Greater London is policed by the Metropolitan Police Service, based at New Scotland Yard.

The City of London has one hospital, St Bartholomew's Hospital. Founded in 1123 and fondly known as 'Barts', the hospital is at Smithfield, and is about to undergo a much-publicised and controversial but long-awaited regeneration.

The City is a major patron of the arts. It oversees the Barbican Centre and subsidises several important performing arts companies.

The Port of London's health authority is also the responsibility of the Corporation, which includes the handling of imported cargo at Heathrow Airport. The Corporation oversees the running of the Bridge House Trust, which maintains five key bridges in central London, including London Bridge and Tower Bridge. The City's flag flies over Tower Bridge.

## Education

The City has only one directly maintained primary school, Sir John Cass's Foundation Primary School at Aldgate (ages 4 to 11). It is a voluntary-aided Church of England school, maintained by the Education Service of the City of London.

City residents may send their children to schools in neighbouring Local Education Authorities (LEAs).

Secondary school children enrol in neighbouring LEAs, such as Islington, Tower Hamlets, Westminster and Southwark. Children who have permanent residence in the City are eligible for transfer to the City of London Academy, an independent secondary school in Southwark sponsored by the City.

The City controls three other independent schools. The City of London School (boys) and City of London School for Girls (girls) are in the City, and the City of London Freemen's School (co-educational) is in Ashtead, Surrey. The City of London School for Girls has its own preparatory department for entrance at age seven.

The City is also home to the renowned Cass Business School, the Guildhall School of Music and Drama and parts of three of the universities in London: The Maughan Library, which serves King's College London's Strand Campus, and the business school of London Metropolitan University. A third business school in the City is a campus of the University of Chicago Graduate School of Business. The London School of Economics is just outside the City, in Westminister adjacent to Temple Bar.

## Gardens

Gardens are maintained by the Corporation within the City. These range from formal gardens such as the one in Finsbury Circus, containing a bowling green and bandstand, to churchyards such as one belonging to the church of St Olave Hart Street, entered from Seething Lane.

Gardens include:

* Barber-Surgeon's Hall Garden - London Wall
* Cleary Garde] - Queen Victoria Street
* Finsbury Circus - Blomfeld Street or London Wall or Moorgate
* Jubilee Gardens - Houndsditch
* Portsoken Street Garden - Portsoken Street or Goodman's Yard
* Postman's Park - Aldersgate or King Edward Street
* Seething Lane Garden - Seething Lane
* St Dunstan-in-the-East - St Dunstan's Hill or Idol Lane
* St Mary Aldermanbury - Aldermanbury
* the churchyard of St Olave Hart Street - Seething Lane
* St Paul's Churchyard - St Paul's Cathedral
* West Smithfield Garden - West Smithfield
* Whittington Gardens - College Street or Upper Thames Street

## Security

The City's position as the United Kingdom's financial centre and a critical part of the country's economy, contributing about 2.5% of the UK's gross national product, has resulted in it becoming a target for political violence. The Provisional IRA exploded several bombs in the City in the early 1990s, including the 1993 Bishopsgate bombing.

The area is also spoken of as a possible target for al-Qaeda. For instance, when in May 2004 the BBC's *Panorama* programme examined the preparedness of Britain's emergency services for a terrorist attack on the scale of September 11, 2001 attacks, they simulated a chemical explosion on Bishopsgate in the east of the City.

## London Fire Brigade

The City has many fire risks, including St Paul’s Cathedral, The Old Bailey, Mansion House, Smithfields Market, the Bank of England, the Guildhall, Tower 42 (formerly the NatWest Tower) and the Swiss Re Tower. There is one fire station within the City, at Dowgate, with one pumping appliance. The City relies upon stations in the surrounding London boroughs to support it at some incidents. Within the City the first fire engine is in attendance in roughly five minutes on average, the second when required in a little over five and a half minutes.

## Tallest buildings

The tallest buildings in the City:

Buildings over 150 metres either under construction or proposed: