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Why London is a Good Place to Stay

Aug 18, 2008
Living in London is a dream comes true for many. For these people, it is a city where everything is possible. For many it is the beginning of a dream. London has seldom disappointed one who has lived there. It has a rich treasure of history, culture, education, natural beauty, modern amenities and employment opportunities. It imparts a sense of pride into its citizens. The reasons are many, and significant ones too.

London is the cradle of the largest urban economy of Europe. It rubs shoulders with Tokyo and New York in being a significant powerhouse of the world. The multicultural population of London is one of its greatest advantages, and thus attracts all leading global businesses. The predominant use of English law and language also gives it an edge over competing economic powers.

Employment in London

The British economy is presently in a vibrant state as it boasts of an annual growth rate of 2%. That London contributes significantly to this success story goes without saying. The employed population of the city is almost 3.5 million. Moreover, the wages this workforce enjoys are almost 20% more than what is enjoyed by the rest of the country. Thus, more and more people are attracted to London and they seldom have complaints about their pay packets. Manual labour has an average salary of 20,000, while urban white-collar jobs offer attractive six-figure salaries. The greatest drawbacks of the people staying and earning in London are the exorbitant costs of living and housing. Rental costs and housing expenses in London are almost double of what they are anywhere else in the country. But the problem is tackled by many by putting up at the fringes of the capital and traveling everyday.

Major industries in London

Finance happens to be the lifeline of London's industries. It is the largest of all the industries London has. The city boasts of being the base of 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 global headquarters of esteemed companies like Barclays, HSBC and Reuters and hence functions as the secondary financial center.

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

Educational opportunities in London

London provides excellent educational opportunities to deserving candidates. Esteemed universities like the University of London, London Metropolitan University, University of Westminster, Royal College of Art and prestigious colleges like King's College London, Imperial College London and London School of Economics and Political Science attract students from all over the world. London residents can get the best of education, as a degree from any of these institutions is considered priceless.

Leisure spots in London

London has many beautiful places that can delight a tourist. There are lots of Hotels and places to stay in London too. But the best thing about London is that people living there for decades also never stop being tourists there because of the attractive and interesting spots that never seem to get old. The Tower of London, Trafalgar Square, Big Ben, the museums, the palaces, the churches and the parks never cease to attract the veteran visitors.
About the Author
Openroads is a great source for tourists or visitors looking for Hotels in London, offering a fine selection of places to stay in London for budgets of all types.
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