Tuesday, November 6, 2012

Canary Wharf is a major business and financial centre and is home to some of the UK's tallest

According to the 2011 Census, the largest religious groupings are Christians (48.4 per cent), followed by those of no religion (20.7 per cent), Muslims (12.4 per cent), no response (8.5 per cent), Hindus (5.0 per cent), Jews (1.8 per cent), Sikhs (1.5 per cent), Buddhists (1.0 per cent) and other (0.6 per cent).
London has traditionally been Christian, and has a large number of churches, particularly in the City of London. The well-known St Paul's Cathedral in the City and Southwark Cathedral south of the river are Anglican administrative centres,[158] while the Archbishop of Canterbury, principal bishop of the Church of England and worldwide Anglican Communion, has his main residence at Lambeth Palace in the London Borough of Lambeth.[159]
Important national and royal ceremonies are shared between St Paul's and Westminster Abbey.[160] The Abbey is not to be confused with nearby Westminster Cathedral, which is the largest Roman Catholic cathedral in England and Wales.[161] Despite the prevalence of Anglican churches, observance is very low within the Anglican denomination. Church attendance continues on a long, slow, steady decline, according to Church of England statistics.[162]


St Paul's Cathedral
London is also home to sizeable Muslim, Hindu, Sikh, and Jewish communities. Many Muslims live in Tower Hamlets and Newham; the most important Muslim edifice is London Central Mosque on the edge of Regent's Park.[163] Following the oil boom, increasing numbers of wealthy Middle-Eastern Muslims have based themselves around Mayfair and Knightsbridge in west London.[164][165] London is home to the largest mosque in western Europe, the Baitul Futuh Mosque, of the Ahmadiyya Muslim Community. London's large Hindu community is found in the north-western boroughs of Harrow and Brent, the latter of which is home to Europe's largest Hindu temple, Neasden Temple.[166] London is also home to 42 Hindu temples. Sikh communities are located in East and West London, particularly in Southall which is home to one of the largest Sikh populations and the largest Sikh temple in the world outside India.[167]
The majority of British Jews live in London, with significant Jewish communities in Stamford Hill, Stanmore, Golders Green, Finchley, Hampstead, Hendon and Edgware in North London. Bevis Marks Synagogue in the City of London is affiliated to London's historic Sephardic Jewish community. It is the only synagogue in Europe which has held regular services continuously for over 300 years. Stanmore and Canons Park Synagogue has the largest membership of any single Orthodox synagogue in the whole of Europe, overtaking Ilford synagogue (also in London) in 1998.[168] The community set up the London Jewish Forum in 2006 in response to the growing significance of devolved London Government

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London generates approximately 20 per cent of the UK's GDP[170] (or $446 billion in 2005); while the economy of the London metropolitan area—the largest in Europe—generates approximately 30 per cent of the UK's GDP (or an estimated $669 billion in 2005).[171] London is one of the pre-eminent financial centres of the world and vies with New York City as the most important location for international finance.[172][173]
London's largest industry is finance, and its financial exports make it a large contributor to the UK's balance of payments. Around 325,000 people were employed in financial services in London until mid-2007. London has over 480 overseas banks, more than any other city in the world. Over 85% (3.2 million) of the employed population of greater London works in the services industries. Because of its prominent global role, London's economy has been affected by the Late-2000s financial crisis. The City of London estimates that 70,000 jobs in finance will be cut within a year.[174] The City of London is home to the Bank of England, London Stock Exchange, and Lloyd's of London insurance market.
Over half of the UK's top 100 listed companies (the FTSE 100) and over 100 of Europe's 500 largest companies have their headquarters in central London. Over 70 per cent of the FTSE 100 are located within London's metropolitan area, and 75 per cent of Fortune 500 companies have offices in London.[175]


Canary Wharf is a major business and financial centre and is home to some of the UK's tallest buildings
Along with professional services, media companies are concentrated in London and the media distribution industry is London's second most competitive sector.[176] The BBC is a significant employer, while other broadcasters also have headquarters around the City. Many national newspapers are edited in London. London is a major retail centre and in 2010 had the highest non-food retail sales of any city in the world, with a total spend of around £64.2 billion.[177] The Port of London is the second-largest in the United Kingdom, handling 45 million tonnes of cargo each year.[178]
London has five major business districts: the City, Westminster, Canary Wharf, Camden & Islington and Lambeth & Southwark. One way to get an idea of their relative importance is to look at relative amounts of office space: Greater London had 27 million m2 of office space in 2001, and the City contains the most space, with 8 million m2 of office space. London has some of the highest real estate prices in the world.[179][180]
A growing number of technology companies are based in London notably in East London Tech City, also known as Silicon Roundabout

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