"The current system is simply not fit for purpose and is out of step with the funding settlements enjoyed by cities of comparable size and stature."Furthermore, Londoners will increasingly question why London government cannot enjoy similar fiscal freedoms as those afforded to the devolved governments in Scotland and Wales. London's key bodies are agreed that the capital's financial future lies in greater devolution. We will now be taking this case to Government."
More top news
Detectives investigating the Parsons Green terrorist attack have arrested a 17-year-old boy in Thornton Heath, south London.
A review of the law is being considered after a cyclist who crashed into and killed a mother-of-two was convicted using a Victorian law.
Speaking to ITV News Foreign Office minister Tobias Ellwood said education was the greatest weapon in the fight against extremism.