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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A report by a London university has found that chief police officers use "predatory" behaviour towards junior staff.
A man from north London has been jailed for 27 years for owning guns and conspiring to supply drugs. Two others were also jailed.
One of the country's most extravagant private homes has been snapped up for just a quarter of the original £100 million asking price