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London (England)

Encyclopedia—London, city, England

Economy

London is one of the world's foremost financial, commercial, industrial, and cultural centers. The Bank of England, Lloyd's, the stock exchange, and numerous other banks and investment companies have their headquarters there, primarily in the City, but increasingly at Canary Wharf. The financial services sector is a major source of overall employment in London.

London still remains one of the world's greatest ports. It exports manufactured goods and imports petroleum, tea, wool, raw sugar, timber, butter, metals, and meat. Consumer goods, clothing, precision instruments, jewelry, and stationery are produced, but manufacturing has lost a number of jobs in the once-dominant textile, furniture, printing, and chemical-processing industries as firms have moved outside the area. Engineering and scientific research are also important to the economy, as is tourism. The city is a hub for road, rail, and air (its airports include Heathrow and Gatwick), and it is now linked to the Continent by a high-speed rail line under the English Channel.

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The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2007, Columbia University Press. All rights reserved.

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Related content from HighBeam Research on: London, city, England: Economy

London and the rest. (economies of scale for London, England, and the rest of England)(Brief Article) (The Economist (US))

Yet it moves. (economic prospects of London, England) (includes a related article on the borough of Hackney) (The Economist (US))

Light at the end of the tunnel. (rail service connecting London, England, Paris, France, and Brussels, Belgium)(Europe's Railways) (The Economist (US))

Expectations.(Twenty-Second Henry Thornton Lecture, City University Business School, Department of Banking and Finance, London, England)(Transcript) (Review - Federal Reserve Bank of St. Louis)

New-look FT to try a wider shade of pink: three months after its UK revamp, the FT plans to boost its global assault in the hope it will put the paper on a sure road to recovery.(Media Analysis/Financial Times, London, England) (Marketing Week)

Goodbye to the City; Financial services.(The City's downturn)(London, England experiencing a recession in the financial services area) (The Economist (US))

Funny money at the dome.(economic exhibition at the money zone of the London, England's Millennium Dome)(Brief Article) (The Economist (US))

Canary Comeback.(Canary Wharf real estate project in London, England)(Brief Article) (Newsweek International)

An oncoming train: Eurostar. (tunnel-train service between London, England and Paris, France, has caused airline traffic on the same route to decline by 35%)(Brief Article) (The Economist (US))

Lessons of Canary Wharf. (failed commercial development in London, England) (Editorial) (The Economist (US))

Additional search results provided by HighBeam Research, LLC. © Copyright 2005. All rights reserved.

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