City of London Since 1991 Canary Wharf, a few miles east of the City in Tower Hamlets, has become another centre for London's financial services industry which houses many banks and other institutions formerly located in the Square Mile. Although growth has continued in both locations, and there have been relocations in both directions, the Corporation has come to realise that its planning policies may have been causing financial firms to choose Canary Wharf as a location. Many major global companies have their headquarters in the City, including Aviva, BT Group, Lloyds Banking Group, Old Mutual, Prudential, Schroders, Standard Chartered, and Unilever. A
Royal Commission on the Amalgamation of the City and County of London for certain London-wide matters and a number of smaller local authorities below it. They differed, however, on the distribution of powers, wishing the lower tier to consist of "strong and authoritative district councils or corporations", with no duties to de done by the central body that could not be done at the local level. On receipt of the report it was angrily rejected by the City of London. They attacked what they described as proposals for a "puppet lord mayor" and the "spoilation of the City". The commission was accused of simply adopting the county council's scheme. The reputations of