The City of London financial district has approved plans for a 73-floor skyscraper that will match in height Western Europe's tallest tower a mile to the south, in a sign that city planners are still betting on the office market despite the current downturn.

The City of London Corporation has approved a plan to build the ancient financial district’s new tallest skyscraper.

The City of London’s tallest skyscraper has been granted planning permission, despite fears it will result in an influx of CCTV cameras that will put privacy at risk.