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97-612: Henderson Group plc was a global investment management company with its principal place of business in the City of London . It merged with Janus Capital Group in May 2017 to create Janus Henderson . The Company was established in 1934 to administer the estates of Alexander Henderson, 1st Baron Faringdon . In 1975, it started managing pension funds . It was first listed on the London Stock Exchange in 1983. In March 1998, it

194-505: A Mayor of London and 25-member London Assembly . The first mayoral and assembly elections took place in 2000. The former Leader of the Greater London Council , Ken Livingstone , served as the inaugural Mayor, until he was defeated by future Prime Minister Boris Johnson in 2008 . The incumbent, Sadiq Khan , was first elected in 2016 . The Mayor's functions include chairing Transport for London , holding

291-602: A councillor ) to the Court of Common Council of the corporation. Only electors who are Freemen of the City of London are eligible to stand. The number of commoners a ward sends to the Common Council varies from two to ten, depending on the number of electors in each ward. Since the 2003 review it has been agreed that the four more residential wards: Portsoken , Queenhithe , Aldersgate and Cripplegate together elect 20 of

388-468: A non-metropolitan county council and two or more non-metropolitan district councils share responsibility for these services. In single-tier areas a unitary authority , London borough , or metropolitan borough provides all services. The City of London and Isles of Scilly have unique local authorities. The London boroughs, metropolitan boroughs, and some unitary authorities collaborate through regional authorities. The Greater London Authority (GLA)

485-399: A business district, the City has a small resident population of 8,583 based on 2021 census figures, but over 500,000 are employed there (as of 2019) and some estimates put the number of workers in the City to be over 1 million. About three-quarters of the jobs in the City of London are in the financial, professional, and associated business services sectors. The Roman legions established

582-530: A church dedicated to St Paul in London, as the seat of the new bishop. It is assumed, although unproven, that this first Anglo-Saxon cathedral stood on the same site as the later medieval and the present cathedrals. Alfred the Great , King of Wessex occupied and began the resettlement of the old Roman walled area, in 886, and appointed his son-in-law Earl Æthelred of Mercia over it as part of their reconquest of

679-483: A county council and a district council, which would share local authority functions. In May 2022, 21 non-metropolitan county councils and 164 non-metropolitan district councils remain. These are better known as simply county councils and district councils. The Local Government Act 1985 also abolished metropolitan county councils, but there are still 36 metropolitan district councils as of May 2022. There are also (as of April 2023) 62 unitary authorities. These carry out

776-547: A devolution deal, which are usually reserved to combined authorities for additional functions and funding. And, like some combined authorities and parish councils, local authorities do have a general power of competence . Separate to combined authorities, two or more local authorities can also work together through joint boards (for legally-required services: fire, public transport and waste disposal), joint committees (voluntarily) or through contracting out and agency arrangements. The Greater London Authority Act 1999 established

873-515: A local authority. Ten currently exist, with more planned. Parish councils form the lowest tier of local government and govern civil parishes . They may also be called a 'community council', 'neighbourhood council', 'village council', 'town council' or (if the parish holds city status) 'city council', but these names are stylistic and do not change their responsibilities. As of December 2021 there are 10,475 parishes in England, but they do not cover

970-496: A new brand identity. In May 2017, the company completed a merger with Janus Capital Group to form Janus Henderson . Acquisitions and sales at 31 December 2010 The company invests in four primary asset classes: equities , fixed income , property and private equity . Its institutional product range also includes several hedge funds (under the Alphagen name). City of London The City of London , also known as

1067-633: A parish council must meet certain conditions of quality. Civil parishes developed in the nineteenth century and were based on the Church of England's parishes , which until then had both ecclesiastical and local government functions; parish councils were created by the Local Government Act 1894 ( 56 & 57 Vict. c. 73). The ecclesiastical parishes continue to exist, but neither they nor their parochial church councils have any local government role. There are 317 local authorities covering

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1164-663: A purely Roman foundation of London are now common and uncontroversial." At its height, the Roman city had a population of approximately 45,000–60,000 inhabitants. Londinium was an ethnically diverse city, with inhabitants from across the Roman Empire, including natives of Britannia, continental Europe , the Middle East, and North Africa. The Romans built the London Wall some time between AD 190 and 225. The boundaries of

1261-427: A representative fashion. Bodies employing fewer than 10 people may appoint 1 voter; those employing 10 to 50 people 1 voter for every 5 employees; those employing more than 50 people 10 voters and 1 additional voter for each 50 employees beyond the first 50. The Act also changed other aspects of an earlier act relating to elections in the city, from 1957. Inner Temple and Middle Temple (which neighbour each other) in

1358-569: A settlement known as "Londinium" on the current site of the City of London around AD 43. Its bridge over the River Thames turned the city into a road nexus and major port , serving as a major commercial centre in Roman Britain until its abandonment during the 5th century . Archaeologist Leslie Wallace notes that, because extensive archaeological excavation has not revealed any signs of a significant pre-Roman presence, "arguments for

1455-561: A whole has limited revenue-raising powers compared to other G7 countries. In the 20th century, local authorities found that the costs of providing services exceeded the revenues raised from local taxes and so grants from the UK Government (specifically the Treasury ) gradually increased. However, UK Government grants were cut by 40% in real terms between the financial years 2009/10 and 2019/20, although grant income did grow due to

1552-481: Is a public interest in disclosing information about local government investments which will generally outweigh any concerns about whether disclosure could affect an investment's performance or be protected by confidentiality requirements. Local authorities cannot borrow money to finance day-to-day spending and so must rely on yearly income or reserves for this type of expenditure, although they can borrow to fund capital expenditure. Local government in England as

1649-517: Is clear both practically and democratically that the overly centralised arrangements of government in England are problematic" and that reform was also needed of funding structures. As of May 2024, the various combined authorities, county, district, and sui generis councils formed an administrative hierarchy as shown in the table below. Unitary authorities are legally either district councils which also perform county functions or county councils which also perform district functions; they therefore straddle

1746-474: Is located at Smithfield , and is undergoing a long-awaited regeneration after doubts as to its continuing use during the 1990s. The city is the third largest UK patron of the arts. It oversees the Barbican Centre and subsidises several important performing arts companies. The London Port Health Authority, which is the responsibility of the corporation, is responsible for all port health functions on

1843-596: Is sometimes called the "great refusal", the Corporation said no to the King, which in part accounts for its unique government structure to the present. By the late 16th century, London increasingly became a major centre for banking, international trade and commerce. The Royal Exchange was founded in 1565 by Sir Thomas Gresham as a centre of commerce for London's merchants, and gained Royal patronage in 1571. Although no longer used for its original purpose, its location at

1940-482: Is the case for all other wards in Great Britain . Particular churches, livery company halls and other historic buildings and structures are associated with a ward, such as St Paul's Cathedral with Castle Baynard , and London Bridge with Bridge; boundary changes in 2003 removed some of these historic connections. Each ward elects an alderman to the Court of Aldermen , and commoners (the City equivalent of

2037-462: Is the regional authority for Greater London , with responsibility for transport, policing, fire and rescue, development and strategic planning. Combined authorities are statutory bodies which allow two or more local authorities to voluntarily pool responsibilities and negotiate a devolution deal with the UK Government for the area they cover, giving it powers beyond those typically held by

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2134-403: The 1993 Bishopsgate bombing ( IRA ) and the 7 July 2005 London bombings ( Islamist ). In response to the 1993 bombing, a system of road barriers, checkpoints and surveillance cameras referred to as the " ring of steel " has been maintained to control entry points to the city. The 1970s saw the construction of tall office buildings including the 600-foot (183 m), 47-storey NatWest Tower ,

2231-563: The COVID-19 pandemic . Local government receives two types of grants: the Revenue Support Grant, which can be spent on any service according to the wishes of the local government body in question, and specific grants, which are usually 'ring fenced' to specifically defined service areas. Council tax was introduced in 1993 to replace the ' poll tax '. It is a domestic property tax, based on eight bands (A to H) depending on

2328-698: The City of London Police —the Common Council (the main body of the corporation) is the police authority . The corporation also run the Hampstead Heath Constabulary , Epping Forest Keepers and the City of London market constabularies (whose members are no longer attested as constables but retain the historic title). The majority of Greater London is policed by the Metropolitan Police Service , based at New Scotland Yard . The city has one hospital, St Bartholomew's Hospital , also known as 'Barts'. Founded in 1123, it

2425-717: The Commissioner of the Metropolitan Police and London Fire Commissioner to account and keeping strategies up to date, including the London Plan . Meanwhile, it is the Assembly's role to regularly hold the Mayor and their key advisers to account and it can also amend the budget or a strategy by a two-thirds majority, though this has not ever happened as of March 2022. Combined authorities can be created at

2522-653: The Crown . Historically its system of government was not unusual, but it was not reformed by the Municipal Corporations Act 1835 and little changed by later reforms, so that it is the only local government in the UK where elections are not run on the basis of one vote for every adult citizen. It is administered by the City of London Corporation , headed by the Lord Mayor of London (not to be confused with

2619-546: The Great Fire. After the fire of 1666, a number of plans were drawn up to remodel the city and its street pattern into a renaissance -style city with planned urban blocks, squares and boulevards. These plans were almost entirely not taken up, and the medieval street pattern re-emerged almost intact. In the 1630s the Crown sought to have the Corporation of the City of London extend its jurisdiction to surrounding areas. In what

2716-548: The Localism Act 2011 . In every area, one local authority acts as the billing authority (the district council in two-tier areas), which prepares and collects council tax bills. Other parts of local government (like county councils in two-tier areas, police and crime commissioners, fire authorities, parish councils and combined authorities) act as precepting authorities, which notify the relevant billing authority of their decision on council tax and later receive this money from

2813-486: The London Stock Exchange based in the City. Throughout the 19th century, the City was the world's primary business centre, and it continues to be a major meeting point for businesses. London was ranked second (after New York) in the Global Financial Centres Index , published in 2022. The insurance industry is concentrated in the eastern side of the city, around Lloyd's building . Since about

2910-480: The ceremonial county of Greater London , and is the smallest ceremonial county in England. The City of London is known colloquially as the Square Mile , as it is 1.12 sq mi (716.80 acres; 2.90 km ) in area. Both the terms the City and the Square Mile are often used as metonyms for the UK's trading and financial services industries, which continue a notable history of being largely based in

3007-469: The ecclesiastical jurisdiction of the Bishop of London . Within the city, the Corporation owns and runs both Smithfield Market and Leadenhall Market . It owns land beyond its boundaries, including open spaces (parks, forests and commons) in and around Greater London, including most of Epping Forest and Hampstead Heath . The Corporation owns Old Spitalfields Market and Billingsgate Fish Market , in

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3104-636: The sui generis City of London Corporation . The other sui generis local authorities are the Council of the Isles of Scilly , Middle Temple and Inner Temple . Outside Greater London and the Isles of Scilly , the Local Government Act 1972 divided England into metropolitan and non-metropolitan counties, which would have one county council and multiple district councils each. That meant that each area would be covered by two tiers of local authorities - both

3201-660: The tidal part of the Thames , including the Port of London and related seaports, and London City Airport . The Corporation oversees the Bridge House Estates , which maintains Blackfriars Bridge , Millennium Bridge , Southwark Bridge , London Bridge and Tower Bridge . The City's flag flies over Tower Bridge, although neither footing is in the city. Local government in England Civil parishes are

3298-400: The 'square mile' and held 86% of the population, and these were in fact similar to and named after four City of London wards: The city has a unique electoral system. Most of its voters are representatives of businesses and other bodies that occupy premises in the city. Its ancient wards have very unequal numbers of voters. In elections, both the businesses based in the city and the residents of

3395-433: The 100 commoners, whereas the business-dominated remainder elect the remaining 80 commoners. 2003 and 2013 boundary changes have increased the residential emphasis of the mentioned four wards. Census data provides eight nominal rather than 25 real wards, all of varying size and population. Being subject to renaming and definition at any time, these census 'wards' are notable in that four of the eight wards accounted for 67% of

3492-511: The 1980s, a secondary financial district has existed outside the city, at Canary Wharf, 2.5 miles (4 km) to the east. The legal profession has a major presence in the northern and western sides of the City, especially in the Temple and Chancery Lane areas where the Inns of Court are located, two of which ( Inner Temple and Middle Temple ) fall within the City of London boundary. Primarily

3589-520: The 19th century, with London growing in all directions. To the East the Port of London grew rapidly during the century, with the construction of many docks, needed as the Thames at the City could not cope with the volume of trade. The arrival of the railways and the Tube meant that London could expand over a much greater area. By the mid-19th century, with London still rapidly expanding in population and area,

3686-819: The Anglo-Saxon Heptarchy , the London area came in turn under the Kingdoms of Essex , Mercia , and later Wessex , though from the mid 8th century it was frequently under threat from raids by different groups including the Vikings . Bede records that in AD 604 St Augustine consecrated Mellitus as the first bishop to the Anglo-Saxon kingdom of the East Saxons and their king, Sæberht . Sæberht's uncle and overlord, Æthelberht , king of Kent , built

3783-604: The Blitz . Whilst St Paul's Cathedral survived the onslaught, large swathes of the area did not and the particularly heavy raids of late December 1940 led to a firestorm called the Second Great Fire of London . There was a major rebuilding programme in the decades following the war, in some parts (such as at the Barbican) dramatically altering the urban landscape. But the destruction of the older historic fabric allowed

3880-561: The City , is a city , ceremonial county and local government district that contains the ancient centre, and constitutes, along with Canary Wharf , the primary central business district (CBD) of London and one of the leading financial centres of the world. It constituted most of London from its settlement by the Romans in the 1st century AD to the Middle Ages , but the modern area referred to as London has since grown far beyond

3977-403: The City and Middlesex were regarded as one administratively for addressing crime and keeping the peace (not that the county was a dependency of the city). London's sheriffs continued to serve Middlesex until the county was given its own sheriffs again following the Local Government Act 1888 . By 1141 the whole body of the citizenry was considered to constitute a single community. This ' commune '

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4074-489: The City during Jack Cade's Rebellion before being ousted by London citizens following a bloody battle on London Bridge. In 1550, the area south of London Bridge in Southwark came under the control of the City with the establishment of the ward of Bridge Without . The city was burnt severely on a number of occasions, the worst being in 1123 and in the Great Fire of London in 1666. Both of these fires were referred to as

4171-532: The City had already become only a small part of the wider metropolis. An attempt was made in 1894 with the Royal Commission on the Amalgamation of the City and County of London to end the distinction between the city and the surrounding County of London, but a change of government at Westminster meant the option was not taken up. The city as a distinct polity survived despite its position within

4268-457: The City of London boundary. The City is now only a small part of the metropolis of Greater London , though it remains a notable part of central London . The City of London is not one of the London boroughs , a status reserved for the other 32 districts (including Greater London's only other city, the City of Westminster ). It is also a separate ceremonial county, being an enclave surrounded by

4365-705: The City today is the Barbican Estate , constructed between 1965 and 1976. The Museum of London was based there until March 2023 (due to reopen in West Smithfield in 2026), whilst a number of other services provided by the corporation are still maintained on the Barbican Estate. The city has a unique political status, a legacy of its uninterrupted integrity as a corporate city since the Anglo-Saxon period and its singular relationship with

4462-406: The City vote. The City of London Corporation was not reformed by the Municipal Corporations Act 1835 , because it had a more extensive electoral franchise than any other borough or city; in fact, it widened this further with its own equivalent legislation allowing one to become a freeman without being a liveryman . In 1801, the city had a population of about 130,000, but increasing development of

4559-523: The City, the adjacent Tower of London , built to dominate the City, is part of its old defensive perimeter. The City has responsibility for five bridges across the Thames in its capacity as trustee of the Bridge House Estates : Blackfriars Bridge , Millennium Bridge , Southwark Bridge , London Bridge and Tower Bridge . The City is a major business and financial centre, with both the Bank of England and

4656-405: The City. The name London is now ordinarily used for a far wider area than just the City. London most often denotes the sprawling London metropolis, or the 32 Greater London boroughs, in addition to the City of London itself. The local authority for the City, namely the City of London Corporation , is unique in the UK and has some unusual responsibilities for a local council, such as being

4753-519: The Conqueror marched on London, reaching as far as Southwark , but failed to get across London Bridge or defeat the Londoners. He eventually crossed the River Thames at Wallingford , pillaging the land as he went. Rather than continuing the war, Edgar the Ætheling , Edwin of Mercia and Morcar of Northumbria surrendered at Berkhamsted . William granted the citizens of London a charter in 1075;

4850-512: The Corporation holds the ancient office of Town Clerk of London . The city is a ceremonial county which has a Commission of Lieutenancy headed by the Lord Mayor instead of a Lord-Lieutenant and has two Sheriffs instead of a High Sheriff (see list of Sheriffs of London ), quasi-judicial offices appointed by the livery companies , an ancient political system based on the representation and protection of trades ( guilds ). Senior members of

4947-573: The Electoral Commission has recommended that all authorities use whole council elections every 4 years. Local authorities have a choice of executive arrangements under the Local Government Act 2000 : mayor and cabinet executive, leader and cabinet executive, a committee system or bespoke arrangements approved by the Secretary of State. As of April 2023, just 15 local authorities have directly-elected mayors . Some functions are just

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5044-527: The Labour Party as of 2024 except for Tees Valley . Each combined authority's executive consists of a representative from each of its constituent local authorities, plus (if applicable) the mayor. Functions can be devolved directly to the mayor, to the combined authority as a whole, or have a different decision-making requirement. The budget and functions of each combined authority can be vastly different, but possible functions include responsibility for

5141-652: The London conurbation and numerous local government reforms . Supporting this status, the city was a special parliamentary borough that elected four members to the unreformed House of Commons , who were retained after the Reform Act 1832 ; reduced to two under the Redistribution of Seats Act 1885 ; and ceased to be a separate constituency under the Representation of the People Act 1948 . Since then

5238-408: The Roman city were similar to those of the City of London today, though the City extends further west than Londinium's Ludgate , and the Thames was undredged and thus wider than it is today, with Londinium's shoreline slightly north of the city's present shoreline. The Romans built a bridge across the river, as early as AD 50, near to today's London Bridge. By the time the London Wall was constructed,

5335-459: The Roman public buildings in Londinium by this time had fallen into decay and disuse, and gradually after the formal withdrawal the city became almost (if not, at times, entirely) uninhabited. The centre of trade and population moved away from the walled Londinium to Lundenwic ("London market"), a settlement to the west, roughly in the modern-day Strand / Aldwych / Covent Garden area. During

5432-637: The Secretary of State the power to provide for a directly-elected combined authority mayor . And, as of May 2022, nine out of the 10 combined authorities have mayors, including Andy Burnham in Greater Manchester and Andy Street in the West Midlands . In the 2024 local elections , new Combined Authorities were elected; they were the new York and North Yorkshire Combined Authority , North East Mayoral Combined Authority , East Midlands Combined County Authority . They are all controlled by

5529-563: The Thames, and laying a new city street plan. Alfred's taking of London and the rebuilding of the old Roman city was a turning point in history, not only as the permanent establishment of the City of London, but also as part of a unifying moment in early England, with Wessex becoming the dominant English kingdom and the repelling (to some degree) of the Viking occupation and raids. While London, and indeed England, were afterwards subjected to further periods of Viking and Danish raids and occupation,

5626-462: The Viking occupied parts of England. The refortified Anglo-Saxon settlement was known as Lundenburh ("London Fort", a borough ). The historian Asser said that "Alfred, king of the Anglo-Saxons, restored the city of London splendidly ... and made it habitable once more." Alfred's "restoration" entailed reoccupying and refurbishing the nearly deserted Roman walled city, building quays along

5723-511: The Wardmote the ward's Alderman appoints at least one Deputy for the year ahead, and Wardmotes are also held during elections. Each ward also has a Ward Club, which is similar to a residents' association . The wards are ancient and their number has changed three times since time immemorial : Following boundary changes in 1994, and later reform of the business vote in the city, there was a major boundary and electoral representation revision of

5820-405: The agreement of the relevant local authorities, and under the Localism Act 2011 eligible parish councils can be granted a " general power of competence " (GPC) which allows them within certain limits the freedom to do anything an individual can do provided it is not prohibited by other legislation, as opposed to being limited to the powers explicitly granted to them by law. To be eligible for this

5917-622: The area, particularly in Lime Street . In 1708, Christopher Wren 's masterpiece, St Paul's Cathedral , was completed on his birthday. The first service had been held on 2 December 1697, more than 10 years earlier. It replaced the original St Paul's, which had been completely destroyed in the Great Fire of London, and is considered to be one of the finest cathedrals in Britain and a fine example of Baroque architecture . The 18th century

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6014-604: The billing authority. Between financial years 2009/10 and 2021/22, council tax rates increased by 30% in real terms, in light of reduced grants from the UK Government. Business rates is a tax on business premises. It is based on the rateable value of the premises (set by the Valuation Office Agency ) and a business rate multiplier. It is set and collected by billing authorities. Reforms in 2013 now mean that local authorities keep 50% of business rate revenues raised locally. The UK Government then distributes

6111-664: The city as a central business district led to this falling to below 5,000 after the Second World War. It has risen slightly to around 9,000 since, largely due to the development of the Barbican Estate . In 2009, the business vote was about 24,000, greatly exceeding residential voters. As the City of London Corporation has not been affected by other municipal legislation over the period of time since then, its electoral practice has become increasingly anomalous. Uniquely for city or borough elections, its elections remain independent-dominated. The business or " non-residential vote "

6208-558: The city is a minority (in terms of population and area) of the Cities of London and Westminster . The city's population fell rapidly in the 19th century and through most of the 20th century, as people moved outwards in all directions to London's vast suburbs , and many residential buildings were demolished to make way for office blocks. Like many areas of London and other British cities, the City fell victim to large scale and highly destructive aerial bombing during World War II , especially in

6305-542: The city was one of a few examples of the English retaining some authority. The city was not covered by the Domesday Book . William built three castles around the city, to keep Londoners subdued: Around 1132 the City was given the right to appoint its own sheriffs rather than having sheriffs appointed by the monarch. London's chosen sheriffs also served as the sheriffs for the county of Middlesex . This meant that

6402-413: The city's fortunes were in decline, and it faced problems of plague and fire. The Roman Empire entered a long period of instability and decline , including the Carausian Revolt in Britain. In the 3rd and 4th centuries, the city was under attack from Picts , Scots, and Saxon raiders. The decline continued, both for Londinium and the Empire, and in AD 410 the Romans withdrew entirely from Britain. Many of

6499-426: The city. Each ward has an Alderman , who until the mid-1960s held office for life but since put themselves up for re-election at least every 6 years, and are the only directly elected Aldermen in the United Kingdom . Wards continue to have a Beadle , an ancient position which is now largely ceremonial whose main remaining function is the running of an annual Wardmote of electors, representatives and officials. At

6596-438: The construction of modern and larger-scale developments, whereas in those parts not so badly affected by bomb damage the City retains its older character of smaller buildings. The street pattern, which is still largely medieval, was altered slightly in places, although there is a more recent trend of reversing some of the post-war modernist changes made, such as at Paternoster Square . The City suffered terrorist attacks including

6693-445: The corner of Cornhill and Threadneedle Street continues to be the geographical centre of the city's core of banking and financial services, with the Bank of England moving to its present site in 1734, opposite the Royal Exchange. Immediately to the south of Cornhill, Lombard Street was the location from 1691 of Lloyd's Coffee House , which became the world-leading insurance market. London's insurance sector continues to be based in

6790-435: The establishment of the City of London and the Kingdom of England prevailed. In the 10th century, Athelstan permitted eight mints to be established, compared with six in his capital, Winchester , indicating the wealth of the city. London Bridge, which had fallen into ruin following the Roman evacuation and abandonment of Londinium, was rebuilt by the Saxons, but was periodically destroyed by Viking raids and storms. As

6887-497: The financial advisory firm, Towry Law. AMP Limited sold its remaining 15% stake in the Company in 2005. Between 2008 and 2012, the Group was tax-resident in the Republic of Ireland. With effect from 12 December 2012, the Group changed its tax residency from the Republic of Ireland to the UK by means of a corporate restructuring. Henderson New Star was established in April 2009 when Henderson Group acquired New Star Asset Management and rebranded its UK retail business. Henderson New Star

6984-576: The financial year 2019/20, local authorities received 22% of their funding from grants, 52% from council tax and 27% from retained business rates. In the financial year 2023/24, 51% of revenue expenditure is expected to come from UK Government grants, 31% from council tax and 15% from retained business rates. Local government can also receive some money from fees and charges for the use of services, returns and interest from investments , commercial income, fixed penalty notices and capital receipts. The Information Commissioner's Office has ruled that there

7081-705: The first skyscraper in the UK. By the 2010s, office space development had intensified in the City, especially in the central, northern and eastern parts, with skyscrapers including 30 St. Mary Axe ("the Gherkin"'), Leadenhall Building ("the Cheesegrater"), 20 Fenchurch Street ("the Walkie-Talkie"), the Broadgate Tower , the Heron Tower and 22 Bishopsgate . The main residential section of

7178-462: The focus of trade and population was moved back to within the old Roman walls, the older Saxon settlement of Lundenwic was largely abandoned and gained the name of Ealdwic (the "old settlement"). The name survives today as Aldwych (the "old market-place"), a name of a street and an area of the City of Westminster between Westminster and the City of London. Following the Battle of Hastings , William

7275-703: The functions of both county and district councils and have replaced two-tier local government in some areas. The creation of these first became possible under the Local Government Act 1992 , but now takes place under the Local Government and Public Involvement in Health Act 2007 . In the 2023/24 financial year, 33% of budgeted service expenditure across local government as a whole is set to be on education , 19% on adult social care , 13% on police , 11% on children's social care and 24% on all other services. Notably, Cornwall Council has been subject to

7372-506: The livery companies are known as liverymen and form the Common Hall, which chooses the lord mayor, the sheriffs and certain other officers. The city is made up of 25 wards . They are survivors of the medieval government system that allowed a very local area to exist as a self-governing unit within the wider city. They can be described as electoral/political divisions; ceremonial, geographic and administrative entities; sub-divisions of

7469-413: The lowest tier of local government, and primarily exist in rural and smaller urban areas. The responsibilities of parish councils are limited and generally consist of providing and maintaining public spaces and facilities. Local authorities cover the entirety of England, and are responsible for services such as education, transport, planning applications, and waste collection and disposal. In two-tier areas

7566-598: The neighbouring London Borough of Tower Hamlets . It owns and helps fund the Old Bailey , the Central Criminal Court for England and Wales , as a gift to the nation, having begun as the City and Middlesex Sessions. The Honourable The Irish Society , a body closely linked with the corporation, also owns many public spaces in Northern Ireland . The city has its own independent police force,

7663-523: The people within government are unsure at times where powers and responsibility, and hence accountability, rest, this lack of clarity is magnified for individuals who have little knowledge or experience of the structures. This has the potential to leave individuals less likely to be able to access what they need from government, leaving them often unable to know who is responsible, and as a result are not properly able to hold their democratic representatives to account. The Committee also said that "[t]he evidence

7760-611: The police authority. It is also unusual in having responsibilities and ownerships beyond its boundaries, e.g. Hampstead Heath . 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 Lord Mayor, as of November 2023, is Michael Mainelli . The City is made up of 25 wards , with administration at the historic Guildhall . Other historic sites include St Paul's Cathedral , Royal Exchange , Mansion House , Old Bailey , and Smithfield Market . Although not within

7857-773: The relevant police force and/or fire brigade , bus franchising and spatial strategy. Lower-tier of a two-tier system. Upper-tier of a two-tier system. De facto unitary authorities since abolition of metropolitan county councils . Metropolitan county councils were abolished in 1986 and most of their functions were devolved to the metropolitan boroughs making them unitary authorities in all but name. Some combined and regional authorities may assume responsibility for policing, e.g. South Yorkshire . Some combined and regional authorities may assume responsibility for policing, e.g. Greater Manchester . In England, local authorities have three main sources of funding: UK Government grants, council tax and business rates . In

7954-478: The remaining 50% of business rate revenues according to its own judgement. It was initially planned to increase the proportion of business rates that local authorities retain to 100%, but this was indefinitely delayed in 2021. In 2022, the Public Administration and Constitutional Affairs Committee said that it had "significant concerns about the current governance arrangements for England": If

8051-527: The request of two or more local authorities. Combined authorities do not replace the local authorities in question, but can receive separate functions and funding. As of May 2022, there are 10 combined authorities covering some of England. The Secretary of State was first granted the power to create combined authorities by the Local Democracy, Economic Development and Construction Act 2009 . The Cities and Local Government Devolution Act 2016 gave

8148-513: The responsibility of the executive of a local authority, but local authorities must also have at least one overview and scrutiny committee to hold the executive to account. The London Government Act 1963 established 32 London borough councils. It also established the Greater London Council , covering the whole of Greater London , but this was later abolished by the Local Government Act 1985 . Greater London also includes

8245-576: The retention of the business vote argue that it is a cause of institutional inertia. The City of London (Ward Elections) Act 2002 , a private Act of Parliament, reformed the voting system and greatly increased the business franchise, allowing many more businesses to be represented. Under the new system, the number of non-resident voters has doubled from 16,000 to 32,000. Previously disenfranchised firms (and other organisations) are entitled to nominate voters, in addition to those already represented, and all such bodies are now required to choose their voters in

8342-471: The separate Mayor of London , an office created only in the year 2000), which is responsible for a number of functions and has interests in land beyond the city's boundaries. Unlike other English local authorities, the corporation has two council bodies: the (now largely ceremonial) Court of Aldermen and the Court of Common Council . The Court of Aldermen represents the wards, with each ward (irrespective of size) returning one alderman. The chief executive of

8439-411: The value of the property on 1 April 1991. Various discounts are set out in law and exist at the discretion of billing authorities. On a yearly basis, local government bodies review and consider whether to increase or decrease the level of council tax to fund their spending plans. The level at which a local authority can increase council tax each year without holding a local referendum is regulated by

8536-597: The wards in 2003, and they were reviewed again in 2010 for change in 2013, though not to such a dramatic extent. The review was conducted by senior officers of the corporation and senior judges of the Old Bailey ; the wards are reviewed by this process to avoid malapportionment . The procedure of review is unique in the United Kingdom as it is not conducted by the Electoral Commission or a local government boundary commission every 8 to 12 years, which

8633-431: The western ward of Farringdon Without are within the boundaries and liberties of the City, but can be thought of as independent enclaves . They are two of the few remaining liberties , an old name for a geographic division with special rights. They are extra-parochial areas , historically not governed by the City of London Corporation (and are today regarded as local authorities for most purposes ) and equally outside

8730-560: The whole of England. There are five main types of local authorities: London borough councils , two-tier county and district councils , metropolitan district councils and unitary authorities . Some local authorities have borough , city or royal borough status, but this is purely stylistic. All local authorities are made up of councillors , who represent geographical wards . There are 7,026 wards as of December 2021. Local authorities run on four year cycles and councillors may be elected all at once, by halves or by thirds; although

8827-430: The whole of the country as many urban parishes were abolished in 1974. The only specific statutory function of parish councils, which they must do, is establishing allotments . However, there are a number of other functions given by powers in the relevant legislation, which they can do, such as providing litter bins and building bus shelters . Their statutory functions are few, but they may provide other services with

8924-533: Was a period of rapid growth for London, reflecting an increasing national population, the early stirrings of the Industrial Revolution , and London's role at the centre of the evolving British Empire . The urban area expanded beyond the borders of the City of London, most notably during this period towards the West End and Westminster. Expansion continued and became more rapid by the beginning of

9021-501: Was abolished in other UK local council elections by the Representation of the People Act 1969 , but was preserved in the City of London. The principal reason given by successive UK governments for retaining this mechanism for giving businesses representation, is that the city is "primarily a place for doing business". About 330,000 non-residents constitute the day-time population and use most of its services, far outnumbering residents, who number around 7,000 (2011). By contrast, opponents of

9118-446: Was bought by AMP Limited (and subsequently integrated with AMP Asset Management's operations in the UK and Australasia as Henderson Global Investors.) On demerger from AMP and re-listing as HHG Group in 2003, the group comprised Henderson Global Investors (a UK-based investment manager), Life Services (comprising the life and pension books of Pearl Assurance , NPI, National Provident Life, London Life Association, and HHG Services) and

9215-540: Was formerly also held. Many of the medieval offices and traditions continue to the present day, demonstrating the unique nature of the City and its Corporation . In 1381, the Peasants' Revolt affected London. The rebels took the City and the Tower of London, but the rebellion ended after its leader, Wat Tyler, was killed during a confrontation that included Lord Mayor William Walworth . In 1450, rebel forces again occupied

9312-511: Was rebranded Henderson Global Investors in April 2010. It manages a various funds with particular strengths in equities, fixed income , commercial property, multi-manager and sustainable and responsible investing (SRI). Its fund managers included Bill McQuaker, Richard Pease, John Pattullo and James Gledhill. In 2010, the company phased out the New Star name, and in 2014, the company rolled out

9409-441: Was the origin of the City of London Corporation and the citizens gained the right to appoint, with the king's consent, a mayor in 1189—and to directly elect the mayor from 1215. From medieval times, the city has been composed of 25 ancient wards , each headed by an alderman , who chairs Wardmotes , which still take place at least annually. A Folkmoot , for the whole of the City held at the outdoor cross of St Paul's Cathedral ,

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