February 1906 City of London by-election February 1906 City of London by-election The City of London by-election, February 1906 was a parliamentary by-election held on 27 February 1906 for the British House of Commons constituency of City of London, which covered the "Square Mile" which was the United Kingdom's traditional financial district. The seat had become vacant on the resignation of Alban Gibbs, one of the constituency's two Conservative Members of Parliament (MPs). Gibbs had resigned in order to provide a safe seat for Arthur Balfour. He would go on to succeed his father, Hucks Gibbs, as Baron Aldenham the following year. Balfour had been out
City of London households and the lowest average household size: just 1.58 people. It also ranked highest within the Greater London area for the percentage of people with no religion and people who are employed. The City vies with New York City's Downtown Manhattan as the financial capital of the world; many banking and insurance institutions have their headquarters there. The London Stock Exchange (shares and bonds), Lloyd's of London (insurance) and the Bank of England are all based in the City. Over 500 banks have offices in the City, and the City is an established leader in trading in Eurobonds, foreign exchange,