Greater London is often referred to as "the City" or "the Square Mile" and it forms the main financial district. Archaically, the urbanised area of London was known as the Metropolis. In common usage, the terms "London" and "Greater London" are usually used interchangeably. Greater London is officially divided for some purposes, with varying definitions, into Inner London and Outer London. For some strategic planning purposes it is divided into five sub-regions. Greater London is under the strategic local governance of the Greater London Authority (GLA). It consists of an elected assembly, the London Assembly, and an executive head, the Mayor of
City of London in the City raising loans and finance for the British government, the City "has extracted privileges and freedoms from rules and laws to which the rest of Britain must submit". He further claims that the assistance provided to the institutions based within it, many of which help their rich clients with offshore tax arrangements, mean that the City is "a tax haven in its own right". The documentary asserts the tax haven status that the City provides. City of London The City of London is a city and county that contains the historic centre and the primary central business district