London is the capital and largest city in England and the United Kingdom, and the largest city in the European Union. London is considered to be one of the world's most important global cities and has been termed the world's most powerful, most desirable, most influential, most visited, most expensive, innovative, sustainable, most investment-friendly, most popular for work, and the most vegetarian-friendly city in the world.
London, the capital of England and the United Kingdom, is a 21st-century city with history stretching back to Roman times. At its center stand the imposing Houses of Parliament, the iconic ‘Big Ben’ clock tower and Westminster Abbey, site of British monarch coronations. Across the Thames River, the London Eye observation wheel provides panoramic views of the South Bank cultural complex and the entire city.
London has always been a commercial city and today enjoys the status of having one of the largest city economies in the world. The city thrives in trade and commerce and has a vibrant culture seeped in commerce. It has a GDP of over £565 billion, which is about 17 percent of the UK's total GDP. The size of its economy is larger than that of several European nations. The Port of London handles 48 million tons of cargo every year.
The service sector employs 3.2 million people in London, which is about 85 percent of all jobs available in London's service industries. Out of this, the financial sector alone employs about 1.25 million people or about one in every three jobs available. The manufacturing and construction industry, in contrast, employ half a million residents of Greater London, which is about 11 percent of the employable population of Greater London.