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As historian Niall Ferguson writes in his 2011 book, “Civilization: The West and the Rest”, the city of London was an outback in the 15th century compared to some of China’s great cities. Then with international trading led by The British East India Company money flooded in, as did people of different nationalities. The population is estimated to have been 50,000 in 1530 and then in 1605 it was around 225,000 people. Throughout the industrial revolution London became the center of the world and from around 1825 to 1925 it had the largest population of any city on Earth. The British Empire faded, but London has always been a powerhouse culturally, but also economically. According to the Global Financial Centers Index, London is still the largest financial center in the world- but what is this great city truly about? Welcome to this episode of the Infographics Show, What is the city of London corporation?
It may come as a surprise to some of you that London is not just a city but also a corporation. Those that don’t know are probably thinking right now what is this corporation? Does it function like the Microsoft Corporation? Does it hire and fire and post annual profits? Does it have a main headquarters and a CEO? Let’s find out.
So, the Corporation of London or in legal terms the Mayor and Commonalty and Citizens of the City of London, is the governing body of London’s financial district which is sometimes referred to as the “Square Mile.” Within that mile around 8,000 live, although around 400,000 people commute into that area for work every day, according to the corporation’s own website. London is divided into 33 areas, or boroughs, and this area is one of them. On its website the corporation is perhaps extremely vague when it answers the question concerning what it is responsible for. The answer it gives is, “Providing services for residents (and City businesses) in the Square Mile, but not those of other boroughs.” And yep, you can apply for a job in this corporation, just like any other. It has bosses in a sort of way and lots of staff. But let’s rewind a little.
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