More than one-third of social housing tenants in London say they are struggling to pay for basic needs 27% of private renters also declared they were struggling to make ends meet. Increasingly, though, young people in London are either living paycheck to paycheck, relying on the bank of Mom and Dad or leaving. HSBC is halving the size of its global headquarters and moving out of Canary Wharf, a business district built in the abandoned docklands of east London in the 1980s. London’s is a young and diverse population. The City of London spans 1.1 square miles (2.9 square km) in the central region of Greater London. The city is located in the southeast of England on the River Thames. Reducing that gap without driving away the city’s wealthier residents is the challenge now. Test Yourself What is the location and importance of London London is the UK’s capital and the largest city in the country, with a population of 8.8 million people. Great wealth disparities are typical of global cities, but they can ultimately (as New York has found) create social divisions and lower living standards, driving people out. a corporation that has moved across the border from one country to another D. a corporation that has its corporate charter in Delaware C. a corporation that operates in multiple countries B. That matters since more unequal cities are often linked to higher crime rates and greater levels of dissatisfaction among residents. Global Cities Flashcards Quizlet Global Cities 4.7 (101 reviews) What is a multinational corporation A. London’s social fabric was already frayed, but the pandemic has worsened long-festering problems such as a lack of affordable housing and widened inequalities in terms of both life expectancy and income. It is the seat of national government and a core part of the UK economy. In important ways, however, Covid has left its mark on the megacity. London is a highly successful global city.
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