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During World War II, one-third of the warehouses and half of the storage areas belonging to the Port of London Authority were destroyed, together with large residential areas, and by 1981 all the docks had closed. The London Docklands Development Corporation (LDDC) was formed in 1981, at a time of economic boom, to develop the Docklands area as an international business centre. It received £1.6 billion government subsidy 198193, of which only 10% was spent on social housing.
The flag uses the pan-Arab colours. The design may have been inspired by the pre-1958 Iraqi flag. Effective date: 24 November 1961.
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