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The historian Asser said that "Alfred, king of the Anglo-Saxons, restored the city of London splendidly ...
and made it habitable once more." Alfred's taking of London and the rebuilding of the old Roman city was a turning point in history, not only as the permanent establishment of the City of London, but also as part of a unifying moment in early England, with Wessex becoming the dominant English kingdom and the repelling (to some degree) of the Viking occupation and raids.
About three quarters of the jobs in the City of London are in the financial, professional, and associated business services sectors.
The insurance industry is focused around the eastern side of the City, around Lloyd's building.The Roman Empire entered a long period of instability and decline, including the Carausian Revolt in Britain.In the 3rd and 4th centuries, the city was under attack from Picts, Scots, and Saxon raiders.A secondary financial district exists outside the City, at Canary Wharf, 2.5 miles (4 km) to the east.
The City has a resident population of 9,401 (ONS estimate, mid-2016) but over 300,000 people commute to and work there.
The decline continued, both for Londinium and the Empire, and in 410 AD the Romans withdrew entirely from Britain.