The enigmatic city of London is widely regarded as one of the
premier business and finance capitals of the world. So much so that in
recent years London has begun to challenge New York City’s position as
‘the financial capital of the world’. The City of London is main
business district in London. This area which is also known as ‘the
Square Mile’ has functioned as the epicenter of financial sector in
London since the 19th century. Institutions like The London Stock
Exchange, the Bank of England and Lloyd’s of London Insurance along
with nearly 500 banks are all located within the City of London which
extends over just one square mile (1.12 mile² / 2.90 km²). However
since 1991 London has also been equipped with a second business
district in the form of the Canary Wharf area which is located a few
miles east of the City in the Tower Hamlets area. Both these areas in
London play host to a wide variety of financial and legal institutions
which specialize in various spheres such as Eurobonds, the foreign
exchange markets, energy futures, alternative investments and global
insurance.
Apart from being a financial hotspot London, is also
a major international communications center which is home to a numerous
media outlets. All the major and most important media organizations in
the UK have their headquarters in London. The most prominent of all
these media organizations is but of course, the world renowned and well
respected source for information, the British Broadcasting Corporation
which is popularly referred to as simply the ‘BBC’. Apart from these
media organizations, London is home to a slew of television networks,
radio stations, publishing groups and advertising firms like Pearson,
Reuters and the WPP Group. In addition the city also offers studio and
post production facilities for the British Film Industry.
London
is also home to the headquarters of some of the UK’s and Europe’s most
prominent companies. Companies such as HSBC, Reuters, Barclays and the
world’s largest law firm, Clifford Chance all have their global
headquarters in London, a city that is well known for its extremely
amenable business environment. This fact is further corroborated by a
recent report which was put forth by Oxford Economics, the leading
forecasting agency that estimates that London generates approximately
19% of the UK's GDP and accounts for 15% of all of the UK’s jobs.
London’s unique place in the UK economy is further highlighted by the
fact that Londoners’ contributed a total of £12.7 billion to UK public
finances in 2005-6.
Apart from its serious business side, London
is also well known for its innovative and creative character as well as
the city is widely acknowledged as a leading fashion capital of the
world which hosts a London Fashion Week and is the source of many
global trends. As a result of all this hectic activity, the buoyant
city of London is a well established destination on the business
traveler’s map and it receives a regular influx of international
consultants, businessmen, bankers, and oligarchs all year round.
To
cater to the needs of these various business travelers, London is
equipped with a well developed and extensive public transport network
which is made up of iconic black cabs and red double-decker buses, and
several railways and subways which operate both over and under-ground
to provide connections within London and from the city to the rest of
the UK and Europe. London is also equipped with five busy and bustling
airports namely Heathrow, Gatwick, Stansted, Luton and the City airport
which help to make the UK capital accessible from any corner of globe.
London also offers a wide array of hotels and inns which aim to cater
to every budget and include several business hotels like Claridge’s,
The Courthouse Hotel Kempinski, The City Inn Westminster, the
Metropolitan and the fabulously opulent Dorchester. London is often
described as a leading multicultural destination which is equipped with
a wide assortment of restaurants that accommodate all palates and
provide business travelers with a place to unwind after a hectic day of
deal-making or to continue conducting business over a delicious meal.
Some of the popular business traveler’s haunts in London include
restaurants like the Cinammon Club, the Savoy Grill, Wiltons, Zuma,
Restaurant Gordon Ramsay and Hakkason amongst others.
If your
company affairs or business requires you to travel ‘across the pond’
frequently to this energetic and lively capital of the United Kingdom
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