The City of London (often just called 'the City') is the historic heart of the capital and is now one of the world’s leading financial centres. It is not a borough but is instead run by the historic City of London Corporation and is the smallest local authority in London, both in terms of area (just over a square mile) and resident population (under 10,000). With such a small population, it is not possible to collate many accurate measures of poverty. Nevertheless, from certain perspectives there appears to be little poverty in the City of London, with the lowest rate of working-age adults claiming out-of-work benefits (3.1% in the City compared to 7.7% in London as a whole).
There are, however, respects in which the City of London serves it’s poorest residents badly. No new social housing was built in the City in recent years and there is a high concentration of people sleeping rough with over 400 people recorded in the Square Mile.
The grid below shows how the City of London is performing on key poverty and inequality indicators, in comparison with all London boroughs. Better than average (green) means the City of London is in the top performing third, average (orange) means the middle third, and worse than average (red) the lowest performing third of all the London local authorities.