Economic Profile
The borough is one of the most deprived in the country, although there are small pockets of wealthy areas. Levels of unemployment are high.
HSBC has its head office in 8 Canada Square, Canary Wharf, Tower Hamlets. Barclays has its head office in One Churchill Place, Canary Wharf.
According to Ellie Rose of EastLondonLines, the area is notorious for deprivation, joblessness, and child poverty. The borough has one of the highest rates of child poverty in the country; in 2010 57 percent of children were living in poverty, as defined by the Campaign to End Child Poverty in their review covering England, compared to a figure of 46 percent in the London Borough of Islington, which had the second highest rate. A similar study, covering the whole of the UK, by Save the Children gave a figure of 27 percent, which was joint highest with Manchester.
Read more about this topic: London Borough Of Tower Hamlets
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