Londoners face council tax rises of more than 5% in £2bn funding shift benefiting North and Midlands

Wandsworth High Street. - (Daniel Lynch)

Londoners in a string of wealthier boroughs face rising council tax bills or a hit to local services under a £2 billion change to town hall funding.

The reforms aim to channel funding into more deprived areas and rural districts and are set to benefit the North and Midlands.