‘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 Labour MP expects the death toll in the Grenfell fire to be well above 79 and blames the disaster on Tory attitudes to social housing.
A large fire at a car storage yard this morning destroyed 8 cars and left another 35 damaged
Residents from Grenfell Tower who were being temporarily housed in a Kensington hotel say they were told to leave with just hours notice