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For at least a millennium, the heart of Britain's commercial and financial industries has been the City of London.

The City is not the large metropolis we know as London. It's much older and smaller. Many call it the Square Mile, though it's not square and a bit bigger than a mile. It's the home to big banks, medieval alleyways and St. Paul's Cathedral. And, for all those centuries, the area has had the same local government with an unusual name: The City of London Corporation.

This little government does more than just run schools and collect what the Brits call rubbish. It's a stealth power.

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