Saj Reveals Dilyn is ‘Randy’

Chancellor Sajid Javid has revealed that Boris’ dog Dilyn has been getting very friendly with Saj’s Bailey, who lives in Number 11. When asked by the Sun’s Tom Newton Dunn if this was ‘like master like dog’, Saj responded with a cheeky ‘no comment’…

Saj Insists Debt Will Fall Under the Tories

This is not true. The debt will continue to rise in cash terms unless and until the Tories close the deficit.

Sajid’s wriggle is that they plan to have debt fall as a proportion of GDP as above, which he neglected to explain. The debt to GDP ratio has more than doubled since 2008 and has flatlined since Osborne. Sajid is not certain to hold that line as Boris plans a spending splurge…

Tories to Start Prejudice Inquiry This Year

Saj: Biggest Economic Issue is Uncertainty Over Brexit

Tories Abandon Fiscal Targets

Today is economy day, Shadow Chancellor McDonnell will be up later promising to spend hundreds of billions of borrowed money and raised taxes. Sajid Javid has just promised to increase spending by hundreds of billions in borrowed money. No mention of that fiscal deficit the Tories promised to close in 2015.

All this borrowing will, they both claim, be financed from the sale of government gilts at the currently prevailing cheap interest rates. The market is suspicious and interest rates will inevitably rise if the market is flooded with gilts. The world’s biggest bond investment fund is Pimco, here’s what their chief investment officer for global fixed income told the FT this morning:

“The prospect of increased sales of gilts to fund more government spending makes the current high prices even less attractive. Gilt yields look too low in general. If you don’t need to own them it makes sense to be underweight”

Incidentally, the name of that chief investment officer is Andrew Balls, brother of Ed Balls. Saj knows that investors will not perpetually buy gilts at the high prices and the low yields prevailing today… 

Boris Promised Tax Cut Focus

In news that would attract more attention if not for Brexit, the government is briefing that there will be no the major tax cuts despite the promises Boris made during his leadership campaign, such as raising the income threshold for lower earners and increasing the 40% tax rate threshold from £50,000. Going into an election without having delivered Brexit or tax cuts means Boris definitely won’t be running on his record as PM.

Guido has been told in explicit terms “the cuts ain’t happening“, with the Treasury instead prioritising spending on infrastructure, such as roads and hospitals. The Treasury is already weary of Boris’s spend-happy approach to government, with the policies announced at Tory conference alone totaling almost £60 billion. Government borrowing was £9.4 billion in September according to data released yesterday. The first time in 5 years that the level of borrowing has increased year-on-year in September. Total borrowing for the financial year to date stands at £40.3 billion, £7.2 billion more than in the same period last year. In comparison the revenue lost to HMRC keeping the promise Boris made to raise the higher tax threshold for the middle classes looks like mere pocket change.

Sajid Fails to Rule Out Brexit Party Election Pact

Sajid: Rudd is Wrong, Boris is Negotiating

Jihadi Jack’s Dad Sad Son Can’t Come Home

The former British citizen known as Jihadi Jack after he jumped ship to fight for ISIS, had his citizenship revoked yesterday for obvious reasons. He won’t be coming back into the UK now.

Whilst most Britons think good riddance, his father has given an interview to Channel 4 News saying the move by then Home Secretary Sajid Javid was “cowardly” (unlike the actions of his brave hero son) and the news “felt like a kick in the stomach”. Unlike the news that his son had left the country to fight for ISIS…

The parents of Jihadi Jack, who sent money to the Middle East to fund their terrorist son, described the actions of the UK state as “quite a blow”. Much like Jack’s explosives…

Tories Overwhelmingly Happier With New Boris Cabinet

The first ConHome Cabinet League Table of the Boris era is out and net satisfaction ratings are through the roof. New Chancellor Sajid steals into top spot with +80.5% net satisfaction, just ahead of the new PM on +77.2%. May’s final rating was a full 138% lower on -61.2%…

The entire Cabinet is in positive territory for the first time in a long time, even Amber Rudd in bottom spot has bounced from up -25.2% to a healthy +21.3%. The shock faller is Ruth Davidson, who drops a hefty 28% from last month. Davidson may feel she has to distance herself from Boris to preserve her image in Scotland. Evidently it’s not going down so well with Tory members at large…

Saj: I Applaud Nigel Farage

Interesting intervention from Sajid Javid this morning who went out of his way to defend the Brexit Party against spurious charges of extremism and even “applaud Nigel Farage” for leaving UKIP and denouncing it as “thugs and extremists” after it was hijacked by Batten and Tommy Robinson. Olive branch from Team Boris with a general election looking ever more likely…?

Runners & Riders: Who Will Be the Next Chancellor?

The reward for Cabinet ministers backing one of the two candidates is much hoped for preferment. What they would prefer most of all is to become Chancellor. The bookies’ three leading contenders are Liz Truss, Sajid Javid and Matt Hancock.

Sajid Javid is the bookies’ favourite at 5/6, Boris has noticeably referenced the Saj a few times at hustings, perhaps more than any other. Saj clearly wants the job. He has Treasury and financial markets experience so his qualifications are clear. He also is a tax cutter and the expectations are that Boris will return to the traditional Tory vote winning strategy of cutting taxes. Guido has to agree with the punters that Saj looks likely except…

Liz Truss (4/1) really wants to be the first woman Chancellor.* In line for a promotion as the first Cabinet minister to come out for Boris, and a tireless defender of him in the media. After listening to her job application / speech at a recent Taxpayers’ Alliance event, Guido really wants her to be Chancellor too. She is the darling of Westminster wonks and free market think tanks. Boris could appoint her, she would definitely make headlines. When Guido teased her recently by addressing her as “Madam Chancellor” she seemed to have difficulty suppressing a frisson. Expectations are that she will actually get BEIS. #Liz4Biz

Matt Hancock (11/2) did work in the Treasury for Osborne, understands it, would be popular choice with Treasury mandarins – which is possibly a good reason not to give it to him. Given he is doing a good job at Health he should perhaps spend some more time doing that. His ambition is unlimited and unhidden. Since the NHS is on target to be the biggest spending department, there is an argument that if power is his thing he should stay where he is…

And if Hunt wins? Guido hasn’t really given that much thought…

*Maggie wanted the job too, she had to settle for PM.

Tory Leadership: Decision Day

It’s crunch time in the Tory leadership race – by the end of the day we will know who the final two are, however many votes it takes. After last night’s results, Saj is trailing Hunt and Gove by several votes, however he was quick to insist that he wouldn’t be withdrawing. This means there will be at least two votes today:

  • 10 a.m.-Midday: MPs vote in fourth ballot
  • 1 p.m.: Fourth round result – three candidates left
  • 3.30-5.30 p.m.: MPs vote in fifth ballot
  • 6 p.m.: Fifth round result – two candidates left

In the unlikely event that there’s a tie, there will be an extra round of voting into the night from 7.30-9.30pm, with the final result as soon as possible after that. With many MPs going back to their constituencies on Thursday afternoon, as many as 25% of votes today are expected to be by proxy. One person who will definitely be voting by proxy is Theresa May who’s heading off to Brussels for another EU summit. 1922 Committee Vice-Chair Charles Walker has been entrusted with her vote…

With the unpredictable factor of Rory Stewart now out of the race, the talk this morning is that Team Boris is now on maneouvres to take out Gove by pushing the Saj through at his expense. Gove’s 2016 betrayal has still not been forgotten by many Boris supporters, they are out for revenge by dumping him out this time…

Raab Backs Boris

Dominic Raab’s exit from the leadership race yesterday has seen a large number of his supporters flock over to the Boris camp – now Raab has given him a birthday gift of himself. Raab backs Boris as the “only candidate” who can deliver Brexit by October 31…

Boris now has a clear majority of public declarations.[…] Read the rest

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Tory Leadership Second Round Results in Full

Here’s how the results broke down for round two of the Tory leadership contest (round one results in brackets):

  • Boris: 126 (114)
  • Hunt: 46 (43)
  • Gove: 41 (37)
  • Rory: 37 (19)
  • Saj: 33 (23)
  • Raab: 30 (27) ELIMINATED

Boris still has more votes than 2nd, 3rd and 4th combined…[…] Read the rest

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Raab Comes Out Fighting, Saj Cries Foul Over Stewart

Despite ConHome’s latest survey showing Dominic Raab beating everyone but Boris in runoffs with the Tory membership, Raab is one of the candidates who’ll be sitting least comfortably when the second round votes come in tonight. He’s come out fighting with a new video showcasing his karate skills and other parts of his backstory.[…] Read the rest

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Saj on Rory

Saj on Rory…

“Rory has done well, but he’s spending too much time appealing to Labour voters not the Conservative party membership”[…] Read the rest

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30 Second Pitches: Gove, Hunt, Stewart, Javid, Raab

  • Gove – I’m a serious candidate for serious times
  • Hunt – I can be trusted to deliver
  • Stewart – I’m an honest and trustworthy outsider
  • Javid – I’m an outsider who looks like modern Britain
  • Raab – I’m the only one here committed to Brexiting on October 31

Boris tells them all, see you next Tuesday…[…] Read the rest

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Rory Stewart Jumps to Second Place With Tory Members

Looks like Rory Stewart’s ‘unique’ style of campaigning hasn’t done him too much harm, he’s managed an improbable jump into second place in the latest ConHome leadership survey. He’s still going to need at least another eight votes if the fun is going to continue.[…] Read the rest

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Saj Releases Life Story Campaign Video

Saj has released his campaign video this morning, heavily focusing on his impressive life story. He still has to prove he has the charisma to take the fight to Corbyn…[…] Read the rest

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