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'London sits in a very privileged geographical position for the current world economy. In terms of timezones it just so happens that the London working day overlaps with both the US working day and the Asian working day. So a financial trader in London can be talking to his counterpart in Tokyo when he first gets in, and his counterpart in New York just before he leaves work.
The above is also true of other cities in western Europe, but London also has the advantage of being in an English-speaking country, and English is still the primary language used by most international organisations, especially those involved in finance, science, or technology.
The UK itself is perceived as a very stable country to do business. Unlike most other countries in Europe, there hasn't been even an attempted coup or revolution in the UK for well over 300 years. The perceived political and economic stability, and its implications for rule of law, is very important for global businesses.
Lastly, London has a very open and liberal immigration policy (nearly 40% of the city's population were born outside the UK) which means companies based there can try to attract the best talent from anywhere round the world.'
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