London's mayor looks set for collision course with the country's newly-elected coalition government, following disagreements on major policy items, according to London government website on Wednesday.
Mayor Boris Johnson, who is a former schoolfriend of the new Prime Minister David Cameron and also a leading member of Cameron' s Conservative party, put himself on collision course with Cameron 's new coalition government on Monday when he spoke out strongly against its policy on banks and banking.
London is Europe's financial capital, and is one of the world's leading financial cities. The finance sector accounts for 9 percent of Britain's gross domestic product. The coalition government said it will hold an inquiry into the future of banking in the country, to report next year.
For more: British coalition gov't, London mayor on collision course over banking reforms
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