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London is the capital of the [[United Kingdom]]. It was founded by the [[Romans]], and became the capital of [[England]] (taking over from [[Winchester]]) during the reign of [[William II]]. Although London is frequently depicted in the media as a quaint and historic city perpetually shrouded in fog, the reality is that London is a modern city at the cutting edge of developments in architecture, transport, commerce, industry and entertainment, and fog is a rare occurrence. In fact London is considered by many to be the financial capital of the world, and one of the world's premier cities<ref>{{cite web | last = Z/Yen Limited | title = The Competitive Position of London as a Global Financial Centre | publisher = CityOfLondon.gov.uk | date = November 2005 | url = http://www.cityoflondon.gov.uk/NR/rdonlyres/131B4294-698B-4FAF-9758-080CCE86A36C/0/BC_RS_compposition_FR.pdf | format = PDF | accessdate = 2006-09-17}}</ref><ref>[http://www.lboro.ac.uk/gawc/citymap.html The World According to GaWC], GaWC, [[Loughborough University]]</ref>.