– Boris Johnson, Mayor of London
"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."
London Mayor Boris Johnson has backed a report calling for the capital to be given greater financial freedom in order to fund major infrastructure projects.