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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People have been protesting outside the French Embassy today over burkinis being banned on some beaches in France.
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An 18-year-old man has become the first person to be convicted following a night of what police describe as "disorder" in Hyde Park.