London is the capital city of England and the UK, located on the River Thames. Many famous landmarks are found in London, such as the Tower of London and Tower Bridge. Westminster Abbey and the Palace of Westminster are also historically significant. London was heavily bombed in World War II but has since been rebuilt. Today it is a global financial and cultural center, though housing is very expensive so many commuters live in the suburbs. New Year's Eve in Britain is celebrated with parties and fireworks to ring in the new year. In Scotland, it is known as Hogmanay and involves additional traditions like first-footing.