London Boroughs should be given the powers to form Combined Authorities and to broker City Deals, according to finance experts in the capital.

A report by the Society of London Treasurers (SLT) launched today claims the devolution debate often sees London as a done deal, but the city needs more fiscal devolution and greater flexibility in its governance to create economic growth.
 
And while the Greater London Authority can deliver on pan-London infrastructure projects, councils lack the powers and financial levers to push economic growth across more than one authority, the paper stated.