By declaring his interest in Parliament, Boris has also indicated an interest in the Tory leadership. Photo: Getty
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Boris Johnson announces that he will stand as an MP in 2015

He says he intends to serve out his second term as London Mayor, and does not have a specific constituency in his sights yet.

Boris Johnson has declared his intention to stand as an MP in 2015, after years of speculation that he wants to return to parliament.

He made the statement in response to a question after a speech at Bloomberg on the EU this morning. He said:

I can't endlessly go on dodging these questions... Let me put it this way. I haven't got any particular seat lined up but I do think in all probability I will try to find somewhere to stand in 2015.”

He went on to say that he has every intention of serving out his full second term as London Mayor, though. If he is successful, this would mean he would be both an MP and London Mayor until the 2016 mayoral election. This isn't unprecedented – Ken Livingstone continued to serve as MP for Brent East until the 2001 election after he became mayor in 2000.

Johnson said: “It is highly likely I will be unsuccessful in that venture, by the way. You can never underestimate the possibility of things going badly wrong. But I will try that.” He was previously MP for Henley from 2001 to 2008 before standing as Mayor.

When asked if he intended to return to parliament in order to stand for the Tory leadership, he said: “No. I don't want revert to weasel mode here.” He also said that he was making the announcement now to “clear the air” before the Conservative party conference in September.

Londoners may be surprised to hear that Johnson is considering adding an MP’s duties to his workload as Mayor. During the 2012 mayoral election, he told the Evening Standard of his “solemn vow” to make the city his priority:

If I am fortunate enough to win I will need four years to deliver what I have promised. And having put trust at the heart of this election, I would serve out that term in full...I made a solemn vow to Londoners to lead them out of recession, bring down crime and deliver the growth, investment and jobs that this city so desperately needs. Keeping that promise cannot be combined with any other political capacity.”

By finally ending the speculation about his return to arliament, Boris has kicked off a whole new round of whispers – this time about the Tory leadership. It has long been assumed that Boris intended to try and succeed David Cameron as leader. Now we can be fairly certain that’s the job he’s really aiming for.

Labour MP Sadiq Khan, who is almost certain to stand for London mayor in 2016, said:

London is a city facing huge challenges – unprecendented population growth, a desperate housing crisis and rocketing inequality. Under Boris Johnson no progress has been made in meeting any of these challenges. As a lifelong Londoner I want to see a mayor who is dedicated to making our city the best place in the world to live. A mayor who puts London first.

Boris Johnson has made it absolutely clear today that his priority is succeeding David Cameron as Tory leader rather than serving the interests of Londoners. London deserves better than this.”

David Cameron (although on holiday) has weighed in via Twitter with an excruciating football metaphor:

The PM told the Today programme in October 2013 that he would give Boris a “warm welcome” if he wanted to return:

I've had this conversation with Boris and my message to him is: 'You're a brilliant mayor of London, you've done a great job, you've got a lot more to give to public life and it would be great to have you back in the House of Commons at some stage contributing to public life.' That's up to him, but I'll certainly be giving him a warm welcome.”

Asked whether he could stand while still London Mayor, Cameron said: “Absolutely, but that's a matter for him, it's his plan”. He also tried to scotch rumours that Johnson intends to follow him as leader by saying that he and Johnson could “make a very strong team together”.

Update 6 August 11:25:

You can now watch Boris’s announcement:

Caroline Crampton is web editor of the New Statesman.

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Debunking Boris Johnson's claim that energy bills will be lower if we leave the EU

Why the Brexiteers' energy policy is less power to the people and more electric shock.

Boris Johnson and Michael Gove have promised that they will end VAT on domestic energy bills if the country votes to leave in the EU referendum. This would save Britain £2bn, or "over £60" per household, they claimed in The Sun this morning.

They are right that this is not something that could be done without leaving the Union. But is such a promise responsible? Might Brexit in fact cost us much more in increased energy bills than an end to VAT could ever hope to save? Quite probably.

Let’s do the maths...

In 2014, the latest year for which figures are available, the UK imported 46 per cent of our total energy supply. Over 20 other countries helped us keep our lights on, from Russian coal to Norwegian gas. And according to Energy Secretary Amber Rudd, this trend is only set to continue (regardless of the potential for domestic fracking), thanks to our declining reserves of North Sea gas and oil.


Click to enlarge.

The reliance on imports makes the UK highly vulnerable to fluctuations in the value of the pound: the lower its value, the more we have to pay for anything we import. This is a situation that could spell disaster in the case of a Brexit, with the Treasury estimating that a vote to leave could cause the pound to fall by 12 per cent.

So what does this mean for our energy bills? According to December’s figures from the Office of National Statistics, the average UK household spends £25.80 a week on gas, electricity and other fuels, which adds up to £35.7bn a year across the UK. And if roughly 45 per cent (£16.4bn) of that amount is based on imports, then a devaluation of the pound could cause their cost to rise 12 per cent – to £18.4bn.

This would represent a 5.6 per cent increase in our total spending on domestic energy, bringing the annual cost up to £37.7bn, and resulting in a £75 a year rise per average household. That’s £11 more than the Brexiteers have promised removing VAT would reduce bills by. 

This is a rough estimate – and adjustments would have to be made to account for the varying exchange rates of the countries we trade with, as well as the proportion of the energy imports that are allocated to domestic use – but it makes a start at holding Johnson and Gove’s latest figures to account.

Here are five other ways in which leaving the EU could risk soaring energy prices:

We would have less control over EU energy policy

A new report from Chatham House argues that the deeply integrated nature of the UK’s energy system means that we couldn’t simply switch-off the  relationship with the EU. “It would be neither possible nor desirable to ‘unplug’ the UK from Europe’s energy networks,” they argue. “A degree of continued adherence to EU market, environmental and governance rules would be inevitable.”

Exclusion from Europe’s Internal Energy Market could have a long-term negative impact

Secretary of State for Energy and Climate Change Amber Rudd said that a Brexit was likely to produce an “electric shock” for UK energy customers – with costs spiralling upwards “by at least half a billion pounds a year”. This claim was based on Vivid Economic’s report for the National Grid, which warned that if Britain was excluded from the IEM, the potential impact “could be up to £500m per year by the early 2020s”.

Brexit could make our energy supply less secure

Rudd has also stressed  the risks to energy security that a vote to Leave could entail. In a speech made last Thursday, she pointed her finger particularly in the direction of Vladamir Putin and his ability to bloc gas supplies to the UK: “As a bloc of 500 million people we have the power to force Putin’s hand. We can coordinate our response to a crisis.”

It could also choke investment into British energy infrastructure

£45bn was invested in Britain’s energy system from elsewhere in the EU in 2014. But the German industrial conglomerate Siemens, who makes hundreds of the turbines used the UK’s offshore windfarms, has warned that Brexit “could make the UK a less attractive place to do business”.

Petrol costs would also rise

The AA has warned that leaving the EU could cause petrol prices to rise by as much 19p a litre. That’s an extra £10 every time you fill up the family car. More cautious estimates, such as that from the RAC, still see pump prices rising by £2 per tank.

The EU is an invaluable ally in the fight against Climate Change

At a speech at a solar farm in Lincolnshire last Friday, Jeremy Corbyn argued that the need for co-orinated energy policy is now greater than ever “Climate change is one of the greatest fights of our generation and, at a time when the Government has scrapped funding for green projects, it is vital that we remain in the EU so we can keep accessing valuable funding streams to protect our environment.”

Corbyn’s statement builds upon those made by Green Party MEP, Keith Taylor, whose consultations with research groups have stressed the importance of maintaining the EU’s energy efficiency directive: “Outside the EU, the government’s zeal for deregulation will put a kibosh on the progress made on energy efficiency in Britain.”

India Bourke is the New Statesman's editorial assistant.