The City (Square Mile)

The City of London, often called the "Square Mile," is a small but significant financial district in central London. It serves as a global hub for banking, finance, and insurance, hosting many major financial institutions. Despite its tiny size—about one square mile—it holds substantial economic influence and has its own governance structure, including the City of London Corporation. The area is home to iconic landmarks like St. Paul’s Cathedral and Lloyd’s of London. Its purpose is primarily economic, facilitating international trade and finance, and it operates with a unique blend of historic traditions and modern financial services.