With over 13 million inhabitants in its metropolitan area, London, England would likely manage to under any circumstances make a significant contribution to the world’s economy; in point of fact, London’s impact on global economics far surpasses its relative size. It has the fifth biggest GDP of any city on the planet, and generated three-tenths of the GDP of the U.K. It has the largest economic output of any city of Europe.
Since its founding 2,000 years ago by Roman colonizers, but particularly since the English-initiated industrial revolution of the 19th Century, London has played a key role in the economy of Britain and of the world. Its five main business sectors- “the City,” Westminster, Lambeth-Southwark, Camden-Islington, and Canary Wharf, are centers of world finance, business, and tourism, and its “London Tech City” is a center of computer and other technology companies.
Banking, the biggest business in the city, is bolstered by nearly 500 international banks’ presence, along with the mega-sized Bank of England. The London Stock Exchange, Lloyd’s of London Insurance, and hundreds of the top U.K. and E.U. business’ headquarters combine to make London a veritable financial capital of the world.
London has an extensive road network that facilitates easy travel around town and quick connections to all parts of the island of Britain. It has three layers of ring roads that wrap around the metro-complex in concentric inner, suburban, and outer spheres. These are connected to numerous radial roads that take one directly to Leeds, Newcastle, Edinburgh, and other cities.
As center of Britain’s rail system, 70 percent of British train trips either begin or end in London. Direct routes to Bristol, Birmingham, Glasgow, and Cardiff are among the many destinations London’s multitude of train terminals send one to. Additionally, since 2007, London has been linked to Paris, Lille, and Brussels by modern, high-speed rail through the “Chunnel.”
The main port serving London is the Port of Tiblury just to the east, but it runs up against the Port of London on its western border. The two taken together are considered the total London port facility which is the busiest in the world. Paper, grain, automobiles, and container shipments are among the main cargo traffic. London has eight main airports, and the biggest of these, London Heathrow, is the busiest in the world.
If you are planning on shipping freight into or out of London, we can assist you with making all the right arrangements. Our agents are skilled at moving goods efficiently and safely using the best companies. Contact us today, and we can get started at mapping out the logistics of the best possible way to ship your cargo.
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