Boris Johnson: Drop the hair shirt approach, George Osborne

In the wake of the negative GDP figures, the London mayor joins the chorus of voices questioning austerity.

Et tu, Boris? On Thursday, Nick Clegg stuck the knife into George Osborne's reputation for economic strategy by declaring that the coalition had cut capital spending too harshly in its early days.

Yesterday, in the wake of GDP figures showing the economy shrank by 0.3 per cent in the final quarter of 2012 - pushing Britain closer to a triple-dip recession - Boris Johnson also publicly questioned the Chancellor's appraoch.

From Davos, he said it was time to "junk the rhetoric of austerity" in favour of boosting jobs and growth. "The single biggest inhibitor of demand is lack of confidence. If only some of the people in this room would invest some of the cash in their balance sheets we would see that confidence rewarded in a virtuous circle."

Johnson carefully moderated his criticisms by ostensibly directing them at the Bank of England, saying:

"There is huge potential in the UK. It is important we have the spirit of confidence. Some of the mutterings from Threadneedle Street are not the stuff to give the troops. We need investment in housing and transport, things that make a big difference."

While he supported Osborne's deficit-reduction plan, Johnson said he wanted more investment in growth-boosting infrastructure measures. He added that "the hair-shirt, Stafford Cripps agenda is not the way to get Britain moving again".

In the near future, the Guardian reports, Johnson's new economic adviser Gerard Lyons will publish the Mayor's "seven-point plan" for London, which includes building a new airport and hundreds of thousands of homes, as well as investing in transport infrastructure. 

Boris Johnson. Photo: Getty

Helen Lewis is deputy editor of the New Statesman. She has presented BBC Radio 4’s Week in Westminster and is a regular panellist on BBC1’s Sunday Politics.

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I believe only Yvette Cooper has the breadth of support to beat Jeremy Corbyn

All the recent polling suggests Andy Burnham is losing more votes than anyone else to Jeremy Corbyn, says Diana Johnson MP.

Tom Blenkinsop MP on the New Statesman website today says he is giving his second preference to Andy Burnham as he thinks that Andy has the best chance of beating Jeremy.

This is on the basis that if Yvette goes out first all her second preferences will swing behind Andy, whereas if Andy goes out first then his second preferences, due to the broad alliance he has created behind his campaign, will all or largely switch to the other male candidate, Jeremy.

Let's take a deep breath and try and think through what will be the effect of preferential voting in the Labour leadership.

First of all, it is very difficult to know how second preferences will switch. From my telephone canvassing there is some rather interesting voting going on, but I don't accept that Tom’s analysis is correct. I have certainly picked up growing support for Yvette in recent weeks.

In fact you can argue the reverse of Tom’s analysis is true – Andy has moved further away from the centre and, as a result, his pitch to those like Tom who are supporting Liz first is now narrower. As a result, Yvette is more likely to pick up those second preferences.

Stats from the Yvette For Labour team show Yvette picking up the majority of second preferences from all candidates – from the Progress wing supporting Liz to the softer left fans of Jeremy – and Andy's supporters too. Their figures show many undecideds opting for Yvette as their first preference, as well as others choosing to switch their first preference to Yvette from one of the other candidates. It's for this reason I still believe only Yvette has the breadth of support to beat Jeremy and then to go on to win in 2020.

It's interesting that Andy has not been willing to make it clear that second preferences should go to Yvette or Liz. Yvette has been very clear that she would encourage second preferences to be for Andy or Liz.

Having watched Andy on Sky's Murnaghan show this morning, he categorically states that Labour will not get beyond first base with the electorate at a general election if we are not economically credible and that fundamentally Jeremy's economic plans do not add up. So, I am unsure why Andy is so unwilling to be clear on second preferences.

All the recent polling suggests Andy is losing more votes than anyone else to Jeremy. He trails fourth in London – where a huge proportion of our electorate is based.

So I would urge Tom to reflect more widely on who is best placed to provide the strongest opposition to the Tories, appeal to the widest group of voters and reach out to the communities we need to win back. I believe that this has to be Yvette.

The Newsnight focus group a few days ago showed that Yvette is best placed to win back those former Labour voters we will need in 2020.

Labour will pay a massive price if we ignore this.

Diana Johnson is the Labour MP for Hull North.