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City of London
The City of London is a geographically-small city within Greater London, England. The City of London is the historic core of London from which, along with Westminster, the modern conurbation grew. The City's boundaries have remained constant since the Middle Ages, and hence it is now only a tiny part of the larger London metropolis.
The City of London is now a major business and commercial centre, ranking alongside New York City as the leading centre of global finance.[1] It is often referred to as just the City or as the Square Mile, as it is approximately one square mile (2.6 km?) in area; note that these terms are also often used as metonyms for the UK financial services industry, which is principally based there. In the medieval period the City was the full extent of London (as distinct from the nearby but then-separate village of Westminster, which became the City of Westminster), but 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 apart from financial services, most of London's metropolitan functions are centred on the West End. The City of London has a resident population of under 10,000 but a daily working population that rises over 30-fold to 311,000.
The City itself has two independent enclaves within it — Inner Temple and Middle Temple. These two areas 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 also owns various open spaces (parks, forests and commons) in and around London, including most of Epping Forest. It also owns Spitalfields Market and Billingsgate Market, although these are within the London Borough of Tower Hamlets.
Its Latin motto is "Domine dirige nos" which means "Lord, guide us".
History
The area of the City of London has been administered separately since 886, when Alfred the Great appointed his son-in-law Earl ?thelred of Mercia as Governor of London. Alfred made sure that there was suitable accommodation for merchants from northwest Europe, which were then extended to traders from the Baltic and Italy.
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. The City was composed of wards governed by Aldermen, who chaired the Wardmotes. There was a folkmoot for the whole of the city held in the shadows of St Paul's Cathedral. In the tenth century, Athelstan permitted eight mints to be established, compared to six in his capital, Winchester, indicating the wealth of the city.
Following the Battle of Hastings, William the Conqueror marched on London, to Southwark and failed to get across London Bridge or to defeat the Londoners. He eventually crossed the River Thames at Wallingford, pillaging the land as he went. Rather than continuing the war Edgar ?theling, Edwin of Mercia and Morcar of Northumbria surrendered at Berkhamsted. 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.
However, William insured against attack by building 3 Castles nearby so as to keep the Londoners subdued:
- Tower of London
- Baynard's Castle
- Montfichet's Castle
In 1132, Henry I recognised full County status for the City, and by 1141 the whole body of the citizenry was considered to constitute a single community. This was the origin of the City of London Corporation.
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| St Paul's Cathedral in 1896 | |
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The City burned nearly to the ground twice, first in 1212 and then again (and more famously) in the Great Fire of London in 1666. Both of these fires were referred to as the Great Fire.
The City elected four members to the unreformed House of Commons, which it retained after the Reform Act 1832 and into the 20th century. Today it is included wholly in the Cities of London and Westminster constituency, and statute requires that it not be divided between two neighbouring areas.
The City's population fell rapidly in the 19th century and through most of the 20th century as many houses were demolished to make way for modern office blocks. The 1970s saw the construction of many tall buildings including the 600ft, 42-storey Natwest Tower which became the first skyscraper in the UK.
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| The modern day City of London with Tower 42, the Swiss Re Tower and Lloyds Building. | |
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This trend for purely office development is beginning to reverse as the Corporation is encouraging residential use, although the resident population is not expected to go much above 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. The largest residential section of the City is the Barbican Estate.
Since the 1990s, the City has diversified away from near exclusive office use in some other ways as well. For example, several hotels have opened and also the City's first department store. However, large sections of it remain very quiet at weekends, and it is quite common to find pubs and cafes closed on these days. In the central areas, a number of additional skyscrapers are also being planned as the financial services industry continues to expand. These will include the 63-storey Bishopsgate Tower, the 48-storey Leadenhall Building, the 46-storey Heron Tower and several other major landmarks that will dramatically alter the skyline.
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