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The City of London continues to be one of the world's primary business centers, and a major meeting point for businesses worldwide.

The City of London continues to be one of the world’s primary business centers, and a major meeting point for businesses worldwide.

The City of London is widely referred to simply as the City (differentiated from the phrase “the city of London” by capitalising City) and is also colloquially known as the Square Mile, as it is 1.12 sq mi (716.80 acres; 2.90 km2) in area.

Both of these terms are also often used as metonyms for the United Kingdom’s trading and financial services industries, which continue a notable history of being largely based in the City.

The name London is now ordinarily used for a far wider area than just the City. London most often denotes the sprawling London metropolis, or the 32 London boroughs, in addition to the City of London itself.

This wider usage of London is documented as far back as 1888, when the County of London was created. The City has a resident population of 9,401 (ONS estimate, mid-2016) but over 300,000 people commute to and work there.

About three quarters of the jobs in the City of London are in the financial, professional, and associated business services sectors. The legal profession forms a major component of the northern and western sides of the City, especially in the Temple and Chancery Lane areas where the Inns of Court are located, of which two—Inner Temple and Middle Temple—fall within the City of London boundary.

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