London Mayor Sadiq Khan takes €17k pay cut amid warning on austerity after coronavirus

The mayor of London slashed his own salary as he warned of a £500 million black hole in the capital’s finances.

Sadiq Khan has slashed his own pay by 10% as he called on Boris Johnson to bail out local authorities facing funding black holes as a result of coronavirus.

The London mayor warned that authorities across the country faced a shortfall of business rate and council tax income.