Economy and Tourism

London is the UK's main and financial centre. It is the centre of trade and banking.

Factories around the city produce all kinds of - from clothes and electronic products to food and chemicals.

Trading companies were along the Thames river at a time when Great Britain was still the biggest in the world. Docks and in eastern London became the centre of . New container terminals were built in the 60s, in order to the larger ships that come to London.

Butler's Wharf on the River Thames'

London is Europe's most important banking and financial centre. Almost all of the world's large banks have regional in London. The Bank of England, in the City of London, controls the country's and is for the of the British pound sterling.

Tourism is an important economic factor for the city. Every year millions of people from all over the world come to London to see the city's well-known sights. Pupils and students from all over the world come here to learn English or to take language courses. Over 200 000 Londoners work in industries.

Tourist stall selling souvenirs in London
Photo by DAVID ILIFF. License: CC BY-SA 3.0