Why London is a good place to stay

By: Tom Heath

Living in London is a dream comes true for many. Forthese people, it is a city where everything is possible. For many it is thebeginning of a dream. Londonhas seldom disappointed one who has lived there. It has a rich treasure ofhistory, culture, education, natural beauty, modern amenities and employmentopportunities. It imparts a sense of pride into its citizens. The reasons aremany, and significant ones too.

London is the cradle of the largesturban economy of Europe. It rubs shoulderswith Tokyo and New York in being a significant powerhouseof the world. The multicultural population of London is one of its greatest advantages, andthus attracts all leading global businesses. The predominant use of English lawand language also gives it an edge over competing economic powers.

Employment in London

The British economy is presentlyin a vibrant state as it boasts of an annual growth rate of 2%. That London contributessignificantly to this success story goes without saying. The employedpopulation of the city is almost 3.5 million. Moreover, the wages thisworkforce enjoys are almost 20% more than what is enjoyed by the rest of thecountry. Thus, more and more people are attracted to London and they seldom have complaints abouttheir pay packets. Manual labour has an average salary of ?20,000, while urbanwhite-collar jobs offer attractive six-figure salaries. The greatest drawbacksof the people staying and earning in Londonare the exorbitant costs of living and housing. Rental costs and housingexpenses in Londonare almost double of what they are anywhere else in the country. But theproblem is tackled by many by putting up at the fringes of the capital andtraveling everyday.

Major industries in London

Finance happens to be the lifelineof London’sindustries. It is the largest of all the industries London has. The city boasts of being the baseof more than fifty of the top hundred companies of UK,and more than hundred of the top five hundred companies of Europe.The newly developed Canary Wharf houses the globalheadquarters of esteemed companies like Barclays, HSBC and Reuters and hencefunctions as the secondary financial center.

Apart from finance, an industrywhich is growing big and fast in London,is the creative sector. Compared to other countries, the growth of the creativeindustry has been significant. It employs more than 4,000,000 workers and hasan annual turnover of more than ?14 billion.

Educational opportunities inLondon

London provides excellenteducational opportunities to deserving candidates. Esteemed universities likethe University of London, London Metropolitan University, University ofWestminster, Royal College of Art and prestigious colleges like King’s CollegeLondon, Imperial College London and London School of Economics and PoliticalScience attract students from all over the world. London residents can get the best ofeducation, as a degree from any of these institutions is considered priceless.

Leisure spots in London

London has many beautifulplaces that can delight a tourist. There are lots of Hotels and places to stayin London too. Butthe best thing about Londonis that people living there for decades also never stop being tourists therebecause of the attractive and interesting spots that never seem to get old. TheTower of London, Trafalgar Square, Big Ben, the museums,the palacesArticle Submission, the churches and the parks never cease to attract the veteranvisitors.

UK Destinations
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