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t. e. The City of London Corporation, officially and legally the Mayor and Commonalty and Citizens of the City of London, is the local authority 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 as the corporate body ...
Council Tax is a local taxation system used in England, Scotland and Wales. It is a tax on domestic property, which was introduced in 1993 by the Local Government Finance Act 1992, replacing the short-lived Community Charge (also known as "poll tax"), which in turn replaced the domestic rates. Each property is assigned one of eight bands in ...
Thus, what might be considered the 'city of London' contains both the 'City of London' and 'City of Westminster'. The City of London, covering a relatively small area, (often called 'The Square Mile' or just 'The City') is the main financial district of London, and only houses c.7,200 permanent residents.
The London Government Act 1963 established 32 London borough councils. [19] It also established the Greater London Council, covering the whole of Greater London, [20] but this was later abolished by the Local Government Act 1985. [21] Greater London also includes the sui generis City of London Corporation. [7]
Local government in Greater London, England takes place in two tiers; an upper tier and a lower tier. The upper tier authority is the Greater London Authority (GLA), controlled by the Mayor of London and the London Assembly. The lower tier authorities are the 32 borough councils and the City of London Corporation in the City of London.
Tax revenues as a percentage of GDP for the UK in comparison to the OECD and the EU 15. In 1971, the top rate of income tax on earned income was cut to 75%. A surcharge of 15% on investment income kept the overall top rate on that income at 90%. In 1974 the top tax rate on earned income was again raised, to 83%.
The City of London, also known as the City, is a city, ceremonial county and local government district [note 1] that contains the ancient centre, and constitutes, along with Canary Wharf, the primary central business district (CBD) of London and one of the leading financial centres of the world. [2]
Arms above the southern entrance to Guildhall, by George Dance (1788), surmounted by a "Muscovy hat" rather than a helm and crest. The coat of arms is "anciently recorded" at the College of Arms. It was in use in 1381, forming part of the design of a new mayoral seal brought into use on 17 April of that year. The arms consist of a silver shield ...