Despite the government's push for more regional autonomy across the UK, London remains the powerhouse of the British economy, worth more than £162bn annually.
The city boasts some of the most impressive business figures in Europe, managing almost half of the continent's equity capital and attracting investment from 13,510 overseas companies.
Last month, the European Union's statistical office, Eurostat, identified inner London as the richest district in the EU, with a per capita income more than three times the EU average.
With a population of around 7.3 million people, London is highly attractive to businesses keen to tap into the high skills levels of its 3.6 million-strong workforce. It is supplemented further by workers from the South East and surrounding areas, although with such demand for staff, skills shortages are a continuing problem.
However, figures from the Office for National Statistics (ONS) show that employment is falling, with the number of people in work significantly lower than 12 months ago.
Figures released last December show the employment rate in London stands at 69%, a reduction of 1.6% in a year, although the unemployment rate only increased slightly - growing by 0.3% to 7.1%.
In real terms, 3.49 million people are employed in London, down by 63,000 on the same period last year. According to the Manpower Employment Outlook Survey, employers in the capital are showing only modest hiring intentions for the quarter with a rating of +5%, compared with a national average of +14%.
This is a slight downturn on the previous quarter, but it represents a 10-point drop over the past year. Only 17% of companies expect to recruit new staff, while 12% anticipate cutbacks.
The London Development Agency states the region is home to the headquarters of 108 of Europe's 500 largest firms, making it a centre for HR employment and excellence.
London's gross domestic product per head is 23% higher than the national average, and 17% of all workplaces in the UK are in the capital. This means that HR roles and people management are particularly in demand, especially as part of head office functions.
It has a huge and varied economy, but is particularly powerful when it comes to financial services. Companies in this sector employ 1.3 million people, with 25% of the world's biggest financial institutions making London their main European base.
Other notable sectors include the creative