City of London Corporation City of London Corporation The City of London Corporation, officially and legally the Mayor and Commonalty and Citizens of the City of London, is the municipal governing body of the City of London, the historic centre of London and the location of much of the United Kingdom's financial sector. In 2006 the name was changed from Corporation of London to avoid confusion with the wider London local government, the Greater London Authority. The Corporation is probably the world's oldest continuously-elected local government authority. Both businesses and residents of the City, or "Square Mile", are entitled to vote in elections, and
City of London side of the City, around Lloyd's building. A secondary financial district exists outside the City, at Canary Wharf, to the east. The City has a resident population of 9,401 (ONS estimate, mid-2016) but over 300,000 people commute to and work there. About three quarters of the jobs in the City of London are in the financial, professional, and associated business services sectors. The legal profession forms a major component of the northern and western sides of the City, especially in the Temple and Chancery Lane areas where the Inns of Court are located, of which two—Inner Temple and Middle Temple—fall