Under the proposals London would be given complete control over property taxes, including council tax, stamp duty and business rates. The London Finance Commission report also recommended giving the city the power to introduce new taxes, such as a levy on tourists, and greater freedom to borrow.
Mr Johnson said there was an "acute need for London to be able to better plan and finance the infrastructure needed to prosper and maintain a great quality of life, in the face of a decade of expansion".
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As we move into a shorter working week for most people, we are looking at a generally cloudy one.
Lots of cloud around today feeling relatively mild although it probably felt a bit cooler because of the breeze.
Hackney's Idris Elba could become the next James Bond, it has been reported.