Analyse the Factor That Might Inhibit London' s Status as a Essay

give out the Factor That Might Inhibit London s Status as a Pre-eminent Global Financial heart and soul In the Next Decade - Essay ExampleThe paper starts off by plying a shortened illustration on the Londons position as the pre-eminent global financial centre and hence moves on to the illumination of the studys central concern being the menaces that are more credibly to affect its pre-eminent position.This report makes a cocnlusion that London is undoubtedly one of the most significant financial centres of the world. However, contempt its dominating position in the global financial market it confronts with certain threats that can impair its meaning among some other international cities. London alone accounted for about 37% and 31% income more than the whole UK number for men and women respectively in the year 2002 (LSE, Londons Place In The UKs economy, 2003). unless along with that, London also sustains the highest unemployment level, greatest rich and poor income differe nces, the ever-rising property costs and insufficient grooming of public health and utility services than other countries in the UK region. Apart from that, Londons competency to pull in abounding foreign investments has also led to the disappearance and re-shifting of its domestic firms. All these and the other factors sum up to the concerns and apprehensions that are faced by international businesses in London. Its high time the judicature needs to take considerable actions to curtail the dreadful factors while improving the citys insure as a favourable financial centre for the whole world. Otherwise, these can greatly hamper the harvest-festival of London as a pre-eminent global financial centre.