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
Economy of London firms, insurance companies and reinsurance markets. London is notable as a centre of international finance where foreign participants in financial markets come to deal with one another. It is also home to the Bank of England, the second oldest central bank in the world, and the European Banking Authority, although the latter is moving to Paris in March 2019 following the Brexit referendum of 2016. Other key institutions are Lloyd's of London for insurance, the Baltic Exchange for shipping. A second financial district has developed at Canary Wharf to the east of the City, which includes the global headquarters of