1924 City of London by-election 1924 City of London by-election The City of London by-election, 1924 was a parliamentary by-election held on 1 February 1924 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 Conservative Members of Parliament (MPs), Sir Frederick Banbury, as Baron Banbury of Southam. Banbury had held the seat since a 1906 by-election, following his defeat at Peckham in the 1906 general election. He had represented Peckham since 1892. The
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,