For the 19th and much of the 20th centuries London was a major manufacturing centre, with over 1.5 million industrial workers in 1960. Manufacturing suffered dramatic decline from the 1960s on. Entire industries have been lost including shipbuilding,consumer electronics, aircraft manufacture and most of the vehicle construction industry.
This trend continues as London is a comparatively high-cost business location. Not only is land expensive, but labour, in general costs more than elsewhere in the UK. Routine work and primary production have no good reason to incur the high costs of operating in London.For all these reasons, London is no longer the manufacturing centre it once was. Much of the land vacated by businesses is eagerly sought after by developers to build residential properties.
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