‘Raising the capital’ found that only seven per cent of tax paid by London residents and businesses is redistributed directly by locally elected bodies (the Mayor and borough councils).
When compared to other world cities; 74 per cent of London’s funding comes from centralised grants, compared to 31 per cent in New York, 25 per cent in Berlin, 17 per cent in Paris and eight per cent in Tokyo.
London is also a ‘tax exporter’, home to 13 per cent of the population but generating 18.5 per cent of the national tax take.
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The high of 35C was recorded on a Bakerloo line train between Piccadilly Circus and Oxford Circus at 2pm.
Weather forecasters say temperatures could reach 35C, beating the previous record of 34.6C in the scorching summer of 1976.
After years of political manoeuvring over the future expansion of Heathrow Airport, there has been an important development this lunchtime.