1922 City of London by-election 1922 City of London by-election The City of London by-election, 1922 was a parliamentary by-election held on 19 May 1922 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 elevation to the peerage of one of the constituency's two Unionist Members of Parliament (MPs), Arthur James Balfour, as the Earl of Balfour. Balfour had held the seat since a by-election in 1906, following his defeat at Manchester East in the 1906 general election. He had also been Prime
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,