"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."
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Staff in the banking and finance sector said they expect their annual reward to rise by an average of 21%.
Tonight, staying windy with gusty southwesterlies, remaining mild and mostly cloudy.