The new legislation is supported by strengthened law enforcement activity and £5 million which the government has allocated to a dedicated metal theft taskforce.
Some of this funding will be made available to police forces to ensure the new legislation is enforced and will provide a more level playing field for scrap metal dealers who abide by the law.
The government is also working with Richard Ottaway MP to ensure his Scrap Metal Dealers Bill delivers a stronger and more effective licensing regime for the scrap metal industry. The Bill is expected to receive parliamentary approval in the New Year.
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Before the final declaration on Friday, the Conservative candidate looked set to lose the City Hall race to Labour's Sadiq Khan.
The Tooting MP has been the frontrunner in the counting process ahead of Tory challenger Zac Goldsmith.
It's not just London where elections have been taking place today. There were council elections taking place across the home counties.