The
City of London is a district of
Greater London. The City constituted most of London from its settlement by the
Romans in the 1st century AD to the
Middle Ages, but the
conurbation has since grown far beyond its borders. As the City's boundaries have remained almost unchanged since the Middle Ages, it is now only a tiny part of the
metropolis, though it remains a notable part of
central London. The City holds
city status in its own right, and is also a separate
ceremonial county.
It is often referred to as
the City (often written on
maps as "City") or the
Square Mile, as it is just over one square mile (1.12 sqmi) in area. These terms are also often used as
metonyms for the United Kingdom's
financial services industry, which continues a notable history of being based in the City.
The term
London now refers to a much larger conurbation roughly corresponding to the London
region, which is also known as the
Greater London administrative area, of
32 boroughs (including the
City of Westminster), in addition to the City of London. The local authority for the City, the
City of London Corporation, is unique in the United Kingdom, and has some unusual responsibilities for a local authority in Britain, such as being the police authority for the City. It also has responsibilities and ownerships beyond the City's 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 City is today a major business and
financial centre,
ranking as the leading centre of
global finance. Throughout the 19th century, the City served as the world's primary business centre, and continues to be a major meeting point for businesses to this day. London came top in the
Worldwide Centres of Commerce Index, published in 2008. The insurance industry is focused around the eastern side of the City. The other major financial district in London is
Canary Wharf, 2.5 mi to the east.
The City has a resident population of about 7,000 (
2011) but over 300,000 people commute to and work there, mainly in the financial services sector. 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.