Boris Johnson said: "There is a now growing and welcome cross-party consensus that recognises the economic benefits of giving greater control of taxes raised in English cities back to those cities, which is very difficult for the Treasury to ignore.
London's mayor added: "The modest reforms that I and others have been campaigning for and that are endorsed in this report, would provide England's cities with the means, incentives and crucially the stability of funding to deliver much needed jobs, growth and infrastructure."
If the citizens of New York, Frankfurt and Tokyo can be trusted with tax-raising powers, why not the people of London, Greater Manchester or the North East?
Local areas know best how to stimulate their economies. With a wider range of revenue streams at their disposal, they would be able to invest in infrastructure and projects that mattered locally - without having to rely on or wait for handouts from central government.
– Clive Betts, Chair of the Communities and Local Government Committee
London mayor Boris Johnson has won the backing of an influential group of MPs in his bid for more tax-raising powers.
The Communities and Local Government Committee is believes cities like London and Manchester should have similar powers to the Scottish Parliament and Welsh Assembly. The committee wants ministers to hand over property taxes like stamp duty.