Introduction

London is considered as one of the most desired cities to live and invest in. considered as the financial business hub, London is considered to be a leading economy, especially in financial services sector. London has been the biggest population in the United Kingdom with the majority of the population is white with chunks of many other nationalities from worldwide. A variety of business is available in London with a wide range of industries and sizes.

Europe is a bigger economy than United States of America and United Kingdom serves as the middle ground or a bridge to link two of biggest economies of the world. As this contain has strong relations in terms of business dealing with the United States of America and many other countries of Europe and Asia, making It as an ideal financial hub for business dealings and a middle ground to arrange meetings.

London is a business democracy and local government of this city is elected by the resident business rather than a resident individual. This fact depicts how businesses and financials are the trademarks for this heart of global finance.

As far as registered companies are concerned 75% of the FTSE 100 companies are based in London. In research of Deloitte and KPMG, according to both accounting companies, London has a diverse business executive community from various different nationalities.

The financial services sector in London is considered as the most powerful driving force in its economy. Following are the various financial services institution present in this city.

Stock Exchange:

London stock exchange is located in the city of London, and it considered to be a 3rd largest stock exchange in the world. Market capitalization piling up to 6.06 trillion dollars with FTSE indexes as its signature indexes.

Banks:

The concept of banking was established in the United Kingdom in the 17th century by goldsmiths. Later as London being the capital of England, it becomes the central hub for all the banking sectors. All the major Europe-based banks placed their head offices in this city. Ever since then, London is considered as the financial hub of the global economics, as this is the area which is involved in much financial decision making throughout the globe.

Private Equity Funds:

These private equity funds are the firms which have a portfolio of investment. They provide their clients with a long-term and stable growing returns over time. As the London is the city of 3rd largest stock exchange and an abundance of potential investors, the central hub of private equity funds are based in London and operating to attract investors from worldwide and providing a stable yet attractive return.

Professional Financial Service provider:

London is well known for the business consultancy firms and financial accountancy firms London by Weaccountax as this city is sowed with the earliest of this kind of consultancy firms and revolutionized the business experience.

Insurance companies:

Even in terms of insurance businesses, London is considered as the top notch city because of other businesses. Mainly because of the gigantic ocean of human population diversified from all countries of the world. It provides a great room for the insurance companies to build their business on.

Tourism:

Tourism is considered as one of the most revenue generating industry of London because it was considered as the most visited city in the world in 2015. Majorly because of historical sightseeing and opportunities for entertainment. London being the business hub also pushes in various people from various countries to visit in reference to their business related concerns and dealings.

As we analyze the immigration towards London with regards to human population and businesses. It can be concluded that London in coming years will be turning out to be a top notch business oriented city. Some analyst believes that London is on the verge of economic saturation because of growth in preceding years. Many another analyst, on the other hand, believes the contrary. Taking into account the technological advancement and socio-cultural trends we can easily conclude that growth potential is endless.

Over dependence on financial industry especially pertaining to export, makes London vulnerable to the economic factors of other countries. Any severe decline in the economies of various countries can pull this city into a decline as well. As the population of this city has surged immensely. Political leadership and economist succeed in developing an internally demand generated economics than this proneness will be overcome.

In short, regardless which perspective a person holds. The latter one always seems to carry little more weight to a neutral audience. In short, London has ruled the world for almost a century in terms of financials and business economics. It will be pleasurable to see how long this reign is expected to last.