Boris claims his policies made Londoners £500 richer

Feeling richer? You're welcome! Credit: Stefan Rousseau/PA Wire

Boris Johnson today claimed the average London household was £500 richer because of his policies.

The mayor based his calculation on cuts to council tax bills during his eight years at City Hall.

He said his final budget as Mayor of London, would see Band D council tax bills slashed by a further £19 in 2016.

City Hall said the funding would safeguard 32,000 police officers and deliver the Northern Line tube extension to Battersea.

The Mayor claims his council tax cuts have made Londoners better off Credit: Joe Giddens/PA Wire

Labour said it would examine the mayor's maths closely over the coming weeks.