1940 City of London by-election instead supporting the National candidate, Sir Andrew Rae Duncan, who had been brought in from industry to serve as President of the Board of Trade. There being no other candidates, Duncan was returned unopposed. 1940 City of London by-election The City of London by-election, 1940 was a by-election held on 5 February 1940 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 by-election was caused by the resignation of one of the City's two Conservative Party Members of Parliament (MPs) Sir Alan Anderson, who
International Financial Services London International Financial Services London International Financial Services, London, usually shortened to just IFSL, was a private-sector organisation which promoted British financial services. It was merged into a new promotional organisation, TheCityUK, in 2010. It was formerly known as British Invisibles. British Invisibles itself originated in the Committee on Invisible Exports, set up in April 1968 by the Bank of England and then became the British Invisible Exports Council. It was largely the idea of Cyril Kleinwort who realised that the government was paying much attention to the UK's balance of trade in goods, but little to the UK's invisible earnings