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Districts of London
The City of London is the principal financial district of the United Kingdom, and is one of the most important in the world. It is governed by the Corporation of London, an ancient body headed by the Lord Mayor of London. The City also has its own police force, the City of London police. The City has only a small resident population (about 7,000), but a daytime working population of more than 300,000. Its primacy as the chief financial district has been directly challenged in recent years by Canary Wharf in East London.
For a period in the early-1980s, many warehouse buildings in Wapping had been occupied and used as artists’ studios and low-cost loft living spaces. This inevitably drew the attention of property developers who gradually moved in to take over. The London Docklands Development Corporation (LDDC) was set up in 1981 to accelerate the process, and the first phases of major development started to reshape the area, culminating in Canary Wharf, whose best-known feature is the 1 Canada Square office tower, which has been the UK's tallest skyscraper since 1991. A massive-scale development within the last three or four years has added a great many more skyscrapers, and many large businesses (investment banks, law firms, etc.) have moved in. Attracted by this growth, restaurants, bars and nightclubs have opened, there are three interconnected shopping malls beneath the Canary Wharf structure, and a cinema complex has opened in the area.
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