London’s Exemplary Industrial Growth

London is one of the most powerful economies all over the globe. In fact, the city is regarded as one of the three command centres for world economy, together with New York and Tokyo. A world-renowned accounting firm even recognise London as the sixth largest city economy worldwide after Tokyo, New York, Los Angeles, Chicago, and Paris. A fifth of the United Kingdom’s gross domestic produce is generated by the City of London.

With regards to London’s working population, 85 percent or 3.2 million of employees in the Greater London work service industries. Meanwhile, half a million work in manufacturing and construction companies.

The financial sector remains London’s largest industry, employing over 300,000 workers. The city’s financial exports are a chief contributor to the United Kingdom’s balance of payments. Meanwhile, the tourism industry is another of London’s prime sectors generating around 15 billion British pounds annually.