London councils call to keep half of funds raised by tourist tax

The government is still finalising the details on how local bodies can implement tourist taxes - (Getty Images)

Councils across London have requested that they retain at least half of the profits from proposed tourist taxes in the capital.

London Councils, a body that represents London’s 32 boroughs and the City of London, is calling on the government to ensure that at least 50 per cent of funds raised by any overnight levy are kept by boroughs to reinvest in the local area.