Skip to content
Monday 3 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,868.05
-0.27%
DAX
25,629.24
0.00%
CAC 40
8,509.64
0.00%
STOXX 50
6,358.01
0.00%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Tuesday 08 February 2022 6:05 am  |  Updated:  Monday 07 February 2022 6:58 pm

Time for a plan for growth, not endless Westminster tittle-tattle

By: Andy Silvester

Add as a preferred source on Google
Canada

In the grand scheme of political endorsements, “not a complete clown” sits somewhere between Lyndon B. Johnson describing President Gerald Ford as a nice guy who played too much American football without a helmet on and Churchill describing Clement Attlee as a sheep in sheep’s clothing.

What makes it unusual is that the man offering this charitable view of Boris Johnson was his new Director of Communications. It’s not an ideal start.

We shouldn’t get lost in the weeds of SW1’s daily circus, as we know from experience that what those in the bubble are interested in is not usually what the country is bothered by.

And so it is with Johnson’s great reset of his premiership – the third such reset – which so far has consisted only of the replacement of people most have not heard of with others who even fewer people have heard of. Johnson has two years until the next election.

It is clear from last week’s ‘levelling up’ paper that we can expect no radical change when it comes to regional growth, with New Labour fiddling seemingly the order of the day. Indeed the only thing we can be sure of from the document is that the government finds London’s success deeply distasteful. It is time for Johnson to prove that there is some point to his eighty seat majority beyond his remaining in power.

Together with Rishi Sunak, the party must deliver a roadmap for growth – with a promise of tax cuts and investment incentives as the public finances recover. Dare we suggest we could some clear examples of post-Brexit freedoms boosting growth. Instead we’ve got tax hikes, a farcically complicated energy costs loan scheme, the return of the crown sign on a pint glass and a new Mayor for Ashby-de-la-Zouch, should it so want one.

Tory backbenchers may well be penning no-confidence letters as their inboxes fill up with angry constituents. More worryingly for the PM, plenty of CEOs across the country are more interested in the writings of his opposition front-bench.

Read more

KBRA Assigns Preliminary Ratings to Barings Euro Middle Market 2024-1 (Reset)

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Opinion

Categories

  • Politics
  • Business

Trending Articles

  • Iran war could ‘halt growth’ across UK economy 

  • City trading ‘higher than thought’, FCA believes

  • Vedanta Aluminium Reports Record Q1 FY27 Performance; Profit Surges 205%, EBITDA More Than Doubles

  • Healey revives ‘price-gouging’ threat as cost of living options narrow

  • Trump suspends strikes amid new peace hopes

More from City PM

  • KBRA Assigns Preliminary Ratings to Barings Euro Middle Market 2024-1 (Reset)

    Business Wire
  • Mead Johnson Welcomes Defense Verdict in Collins Case

    Business Wire
  • Michael Dell, Lord Johnson and the ‘gun to the head’ meeting that ended a £15bn AI project

    Tech
    Dell Technologies CEO Michael Dell and Johnson discussing AI pathfinder with data center in background
  • Exclusive: Coq d’Argent unveils new riverside location as it bids farewell to No.1 Poultry

    Life&Style
    Coq dArgent financial district restaurant exterior with modern architecture and rooftop terrace ambiance
  • Easyjet board reaches agreement over £5.2bn Castlelake takeover

    Markets
    EasyJet airplane at airport terminal with passengers boarding, representing airline industry and travel news updates
  • Has The Odyssey made the classics cool now?

    Life&Style
    Christopher Nolan directing a scene from his film The Odyssey, highlighting the modern revival of ancient Greek classics.
  • The water industry needs investment, not confiscation

    Opinion
    Thames Water infrastructure with pipes and maintenance workers, highlighting water management efforts in London
  • Tesco ‘in talks’ to exit eastern Europe

    Retail
    Tesco storefront with shoppers entering and exiting, highlighting the brands popularity and bustling retail environment
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook