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          • Cision PR Newswire
          • Coupons – Best websites
            • Aeromexico Rewards Chart
            • Get Avios Points Free
        • Today Bitcoin Price at $6,800 USD
        • Pandemic Is Changing BTC Usage in ‘Unexpected Ways’
        • Macropay on Alternative & local payment methods that are reshaping global e-commerce
        • Bank of America is preparing for a flood of Applications to Small-Business Loan
        • Microsoft might be the best tech stock in this market
        • US Airlines To Work Collectively, Consolidate Flights
        • Bank of America maintaining business continuity and protecting the bottom line
        • US long-term mortgage rates drop
        • Bitcoin Price Bulls have been rejected at $7,000
        • Stock Market: 4 Top Stock Trades for Wednesday: NVDA, AVGO, BAC, IQ
        • Stock Market April 2 – Edge Higher; Oil Surges, Bonds Fall, Dollar Rose
        • Chase bank will raise up to $10 billion
          • Bitcoin Price Simply Surged to $6,500 After Over 10% Weekend Crash
          • Today Bitcoin Price at $7,000: BTC Leaps to Retest $7,000
          • Bank of America agreed to allow 50,000 mortgage customers to defer payments
        • Bitcoin Price Prediction April: Three Key Causes Why BTC May Plunge Beneath $5,000
          • Roll up the Sleeves! American Airlines was down -10.34%
          • Mortgage calculator rates today April 2, 2020
          • Mortgage Calculator Small businesses: SB have ‘a million inquiries’ regarding check help loans
          • Bitcoin Price Today April 1 – Bitcoin Takes Tumble
            • With Bank of America card you can request a payment deferral online
              • Bank of America fields 150,000 installment deferral demands
            • Coronavirus – Travel Insurance no cover cancellations
              • Bank of America said it won’t cut any positions
          • Bitcoin Price Today April 2 – BTC rise to $6,700
          • Mortgage calculator rates today March 31, 2020
          • Bitcoin Price Momentum Sign Reverses, Bull Run Lastly Inbound?
          • Bitcoin Price Recovering After a Sharp Decline
          • Fintech News Airbnb – How hosts are fighting back against Covid-19 fallout
          • Market Stock Boeing – Challenging Times Ahead for Boeing Stock
        • Bank of America U.S. Minimum Hourly Wage Reaches $20
          • Bitcoin Price Bulls – is Forming a Bull Cross After Rallying to $6,500
          • P2P Crowdlending – Average Interest Rate 18%
          • $633 Million BTC Transferred For Simply $0.26 Payment
        • Prime ICO Advertising and marketing Companies
        • Bank of America will provide up to $250 million
        • Bank of America VC: You tend to do the wrong thing at the wrong time
          • Bitcoin Price Jump as Coronavirus Curve Begins to Flatten
            • Bitcoin Price Today April 3
            • Bitcoin Price Is Sometimes Bullish in Q2
            • Bitcoin Price Tumble Beneath $ 6,000
            • BTC Price Today 5 | April, 2020
            • Bitcoin Price and S&P 500 – Here’s how much bitcoin beat the Dow and S&P 500 in the first quarter
              • Today Bitcoin Price at $6,600
                • Bitcoin Price Bulls Reaches: “Live or Die”
                • BTC Price Today | 6 April 2020
          • Bank of America sees big year for Microsoft ahead
            • American Airlines coronavirus downgrade
              • Bitcoin Price Rejected $6,600
              • Bitcoin Price Trace It Will Fall to $ 5 K
              • BTC Price Today April 4
                • Stock Market Today 31 March, 2020
              • US Bank Raises $586M Against COVID-19
                • Bank of America’s Solid Liquidity to Help Covid-19 Crisis
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      • Mortgage calculator rates today April 1, 2020
      • Mortgage Calculator – Students Benefits
      • Mortgage Calculator – Homeowners and renters Get Payment Relief
      • Calculator for mortgage to millennials
      • Mortgage Calculator Modification – What Is?
      • Mortgage Calculator Canada: Rates Are Rising
      • Mortgage Calculator Home – Is it time to repair your own home mortgage?
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      • Mortgage Calculator Coronavirus: UK mortgage market goes into lockdown
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            • Bitcoin Price Volume Decline with Lowering Volatility
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        • Mortgage rates today, April 3, 2020 plus reviews
          • cmc currency details
            • cmc exchange details
              • Shortcodes
        • Microsoft Vulnerability: Hundreds of Microsoft Servers Contaminated By Crypto-Mining Botnet Since 2018
          • Cision PR Newswire
          • Coupons – Best websites
            • Aeromexico Rewards Chart
            • Get Avios Points Free
        • Today Bitcoin Price at $6,800 USD
        • Pandemic Is Changing BTC Usage in ‘Unexpected Ways’
        • Macropay on Alternative & local payment methods that are reshaping global e-commerce
        • Bank of America is preparing for a flood of Applications to Small-Business Loan
        • Microsoft might be the best tech stock in this market
        • US Airlines To Work Collectively, Consolidate Flights
        • Bank of America maintaining business continuity and protecting the bottom line
        • US long-term mortgage rates drop
        • Bitcoin Price Bulls have been rejected at $7,000
        • Stock Market: 4 Top Stock Trades for Wednesday: NVDA, AVGO, BAC, IQ
        • Stock Market April 2 – Edge Higher; Oil Surges, Bonds Fall, Dollar Rose
        • Chase bank will raise up to $10 billion
          • Bitcoin Price Simply Surged to $6,500 After Over 10% Weekend Crash
          • Today Bitcoin Price at $7,000: BTC Leaps to Retest $7,000
          • Bank of America agreed to allow 50,000 mortgage customers to defer payments
        • Bitcoin Price Prediction April: Three Key Causes Why BTC May Plunge Beneath $5,000
          • Roll up the Sleeves! American Airlines was down -10.34%
          • Mortgage calculator rates today April 2, 2020
          • Mortgage Calculator Small businesses: SB have ‘a million inquiries’ regarding check help loans
          • Bitcoin Price Today April 1 – Bitcoin Takes Tumble
            • With Bank of America card you can request a payment deferral online
              • Bank of America fields 150,000 installment deferral demands
            • Coronavirus – Travel Insurance no cover cancellations
              • Bank of America said it won’t cut any positions
          • Bitcoin Price Today April 2 – BTC rise to $6,700
          • Mortgage calculator rates today March 31, 2020
          • Bitcoin Price Momentum Sign Reverses, Bull Run Lastly Inbound?
          • Bitcoin Price Recovering After a Sharp Decline
          • Fintech News Airbnb – How hosts are fighting back against Covid-19 fallout
          • Market Stock Boeing – Challenging Times Ahead for Boeing Stock
        • Bank of America U.S. Minimum Hourly Wage Reaches $20
          • Bitcoin Price Bulls – is Forming a Bull Cross After Rallying to $6,500
          • P2P Crowdlending – Average Interest Rate 18%
          • $633 Million BTC Transferred For Simply $0.26 Payment
        • Prime ICO Advertising and marketing Companies
        • Bank of America will provide up to $250 million
        • Bank of America VC: You tend to do the wrong thing at the wrong time
          • Bitcoin Price Jump as Coronavirus Curve Begins to Flatten
            • Bitcoin Price Today April 3
            • Bitcoin Price Is Sometimes Bullish in Q2
            • Bitcoin Price Tumble Beneath $ 6,000
            • BTC Price Today 5 | April, 2020
            • Bitcoin Price and S&P 500 – Here’s how much bitcoin beat the Dow and S&P 500 in the first quarter
              • Today Bitcoin Price at $6,600
                • Bitcoin Price Bulls Reaches: “Live or Die”
                • BTC Price Today | 6 April 2020
          • Bank of America sees big year for Microsoft ahead
            • American Airlines coronavirus downgrade
              • Bitcoin Price Rejected $6,600
              • Bitcoin Price Trace It Will Fall to $ 5 K
              • BTC Price Today April 4
                • Stock Market Today 31 March, 2020
              • US Bank Raises $586M Against COVID-19
                • Bank of America’s Solid Liquidity to Help Covid-19 Crisis
  • Lifestyle
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          • Is Roblox shutting down? Vs. Robox will be listed NYSE
      • Music
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    • Luxury
      • Most Expensive Watches
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      • Best Luxury SUVs for 2020
      • Porsche
      • Luxury Yatchs
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      • Best Electric Cars
      • Best Luxury Yoga Retreats
      • The Best Luxury Sports Cars
      • Best Time to Buy a Car
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        • Direct Payments in coronavirus
    • Tech
      • iPhone 12
  • Banking
    • Banks “Best of…”
      • Best Online Banks of 2020
      • Best Bank for Home Loans 2020
      • Best Bank for FHA Loan of 2020
      • Best Bank Interest Rates March 2020
      • Best Bank Promotions and Bonuses 2020
      • Best Online Checking Accounts of 2021
      • Best Money Market Accounts of 2020
      • Best CD Rates of 2020
      • Best Online Savings Accounts of February 2020
      • Best KYC Solutions 2020
      • 7 Best Mobile Banking App 2020
    • Banks Guides
      • KYC Verification: How it is Done?
      • Personal Finances in Coronavirus
      • 6% cd rates – They Exists ?
    • Transfer Money Online
      • Send Money Online
      • Best App To Send Money Online
    • Mobile Banking
    • Digital Bank
      • JPMorgan Chase
      • Capital One
      • Royal Bank of Canada
      • Royal Dutch Shell
      • Chase Online
      • Western Union
  • Credit Cards
    • Credit Cards “Best of…”
      • Capital One Credit Card – Best Cards of 2020
      • Best Credit Cards for Students 2020
      • Best Airline Credit Card 2020
      • Best Gas Rewards Credit Cards of 2020
      • Best hotel credit cards for 2020
      • Best Cash Back Credit Cards 2020
      • Best Travel Credit Card 2020
      • Best No Annual Fee Credit Cards 2020
      • Best Secured Credit Cards 2020
      • Best Credit Cards for Bad Credit 2020
      • Best Rewards Credit Card 2020
      • Best 0% APR Credit Cards of February 2020
      • The Best Credit Card for Balance Transfers 2020
      • Best Buy Credit Card 2020
      • Best Credit Cards of July 2020
      • 11 Best Prepaid Debit Cards of 2020
      • Best Business Credit Cards 2020
    • Cards
      • American Express
      • Lowe’s Credit Card
      • Get Revolut Card + £50
      • Qantas Credit Card
      • Chase Credit Card
      • Coles Mastercard
      • Capital One
      • Home Depot Credit Card
    • Credit Cards Guides
      • How many credit cards should I have?
      • Is Discover Visa or Mastercard?
    • Credit Cards Reviews
      • First Premier Credit Card Review
      • Fortiva Credit Card Review
      • Indigo Credit Card Review
      • Wells Fargo Propel – Review
      • Walmart Money Card – Review
      • Credit One Credit Card Review
      • Discover it® Cash Back – Review
      • Travel credit card reviews 2020
      • Petal Credit Card Review
      • Apple Credit Card Review
      • Capital One Venture Rewards Credit Card Review
      • Amazon Credit Card Review
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      • Joe Biden
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      • Scott Morrison
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  • Mortgages
    • Mortgage “Best of…”
      • Best Mortgage for Low Down Payment 2020
      • Best Mortgage Rates
      • Best VA Mortgage Lenders of 2020
      • Greatest On-line Mortgage Lenders
      • The Best Mortgage Lenders for First Time Home Buyers
    • Mortgage Calculators
      • Mortgage calculator rates today April 1, 2020
      • Mortgage Calculator – Students Benefits
      • Mortgage Calculator – Homeowners and renters Get Payment Relief
      • Calculator for mortgage to millennials
      • Mortgage Calculator Modification – What Is?
      • Mortgage Calculator Canada: Rates Are Rising
      • Mortgage Calculator Home – Is it time to repair your own home mortgage?
      • Mortgage Calculator
      • Mortgage Calculator Rates Today April 3
      • Mortgage Calculator Online
      • Mortgage Calculator Coronavirus: UK mortgage market goes into lockdown
    • Mortgage Guides
      • Lending
      • How Mortgage Forbearance Works Under CARES Act
      • Stimulus Check
    • Mortgage Companies
      • Nationstar Mortgage
      • Roundpoint Mortgage
      • Midland Mortgage
      • Simple Mortgage Calculator
      • Freedom Mortgage
      • SunTrust Mortgage
  • Commodities
    • Energy
      • WTI Oil Prices
      • Brent Crude
      • Crude Oil
    • Agricultural Products
      • Corns
    • Livestock & Meat
      • Lean Hogs
    • Precious Metals
      • Platinum
      • Gold
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Boris Johnson – Peter Geoghegan: Rich donors are the only winners in Johnson’s race to the bottom

Judie Simms by Judie Simms
January 24, 2021
in Boris Johnson
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Home » Boris Johnson – Peter Geoghegan: Rich donors are the only winners in Johnson’s race to the bottom

Boris Johnson – Peter Geoghegan: Rich donors are the only winners in Johnson’s race to the bottom

BORIS Johnson does not like confrontation. As the prime minister’s former lover Petronella Wyatt recalled a couple of years ago, here is a man who will “do anything to avoid an argument”. Even if it means telling bare-faced lies.

Wyatt’s words were ringing in my ears when I watched Johnson present his Brexit deal at a press conference on Christmas Eve. While the prime minister was winning plaudits in the press for securing any sort of agreement at all with the European ­Union, I found myself constantly struck by the ­cognitive dissonance of what he was ­actually saying.

British exporters, Johnson declared, would “do even more business with our ­European friends” – by, eh, leaving the ­single market and customs union. Our ­fishermen would see a “prodigious” ­increase in catches. Post-Brexit Britain would “spread opportunity” and free trade in equal measure.

You don’t need to be a philosophy ­professor to see the logical inconsistency in all this. “Global Britain” and “levelling up” aren’t two sides of the same coin, they aren’t even the same currency.

READ MORE: Lord Ashcroft: Tory donor’s firm lands £350m test and trace deal

So how would Johnson square the Brexit circle, I wondered as I watched his Yuletide address? How would he avoid making some people who had trusted him very angry? Barely a month later, we can start to see the answer. He isn’t even going to try.

In a contest between “the left behind” and “buccaneering Britain”, there will only be one winner. And it won’t be the former steel towns and pit villages.

Politics is essentially the art of reallocating scarce resources. You can have your cake or you can eat it. You can’t do both. The defining feature of Johnson’s character, of course, is a refusal to admit this. He will say whatever it takes to get what he want, and to avoid a row.

Already the reality of Johnson’s fluid ­relationship with the truth is coming home to roost. Scottish fishermen, mired in red tape in Britain, are sailing to Denmark to land their catch. Having given the Democratic Unionists his word that there would be no border in the Irish Sea, the prime minister has delivered just that.

Johnson is a buffoon, but he is not a fool. He knows that the bromides about free trade and economic redistribution are just that, empty words. What matters is what his government does. That’s why the moves Westminster has made since the turn of the year are so significant – and these point to where post-Brexit Britain is really headed.

This week the prime minister was reported to be holding talks with business leaders about “cutting red tape” and turning Britain outside the EU into “the Singapore of Europe”. By conjuring up Singapore, you can be sure that Johnson does not mean that in the future 80% of Britain’s housing will be publicly owned – although he is probably envious of the city-state’s political system, where the same party always wins.

Singapore for Johnson means one thing: deregulation. As a former member of the European Research Group told me in an interview for my latest book, Brexit, for hardline Eurosceptic Tories, was always about cutting regulations and standards.

As the transition came to an end in December, Johnson was promising that Britain would uphold the highest global standards. Indeed, the prime minister made a point of saying that there could be disputes with the EU on the horizon as Britain wanted to raise the bar in areas such as animal welfare.

What a difference a few weeks makes. Now British ministers are ­considering ­“reform” of workers’ protections ­enshrined in EU law, including the ­48-hour working week. Hands up who thinks this reform will mean stronger rights for workers?

Reports suggest that we could soon see changes to our statutory entitlements on rest breaks, overtime pay and the ­requirement on businesses to log daily working hours. That’s a curious ­definition of “levelling up”.

READ MORE: FACT CHECK: Ruth Davidson’s claim vaccines aren’t reaching GPs quickly enough

You can tell a lot about a politician by who he surrounds himself with. Among the sycophants and no-names that ­populate Johnson’s cabinet are some of the most fervent advocates for slashing workers’ rights.

Dominic Raab, Priti Patel, Kwasi Kwarteng and Liz Truss were co-authors of a 2012 anthology entitled Britannia Unchained that declared that government regulation had left the British “among the worst idlers in the world”. Now this quartet are foreign, home, business international trade secretary, respectively.

Kwarteng was only appointed earlier this month, in what could be read as a clear signal for the direction of Brexit Britain’s direction of travel. The new business secretary has previously ­written that any company’s first 12 staff should be treated as self-employed “with no ­questions” asked and that firms with up to three employees should be exempt from the minimum wage, maternity leave and unfair dismissal claims.

WORKERS’ rights are not the only area that Johnson seems keen to race to the bottom. Westminster has moved fast to dismantle environmental protections.

Pesticides are a case in point. When the EU introduced ban on neonicotinoids – which have proved deadly to bees and aquatic life – three years ago, Britain supported the move and said it would keep these standards after Brexit. But on January 8, just a week after the Brexit deal came into force, the Department for ­Environment, Food and Rural Affairs ­issued a statement approving the use of the pesticide in the UK.

Then there are the various crony ­capitalist projects that Johnson – and ­particularly chancellor Rishi Sunak – has given his imprimatur to. The most glaring is the establishment of a series of “free ports”.

The EU is phasing out these ­customs-free zones amid long-running concerns about money laundering and tax avoidance in them. (Curiously, this week the Scottish government announced that it too would be jumping on the free port bandwagon, albeit rebranded as “green ports”.)

READ MORE: SNP demand inquiry into ‘rampant cronyism’ at heart of Tory Government

ALL of this will be music to the ears of Brexit’s financial backers. While the vote to leave the EU in 2016 could not have been won without considerable working-class support, the money driving Brexit has long come from those with most to gain from turning the country into “Singapore on Thames”.

Hedge fund managers such as Jeremy Hosking, former Conservative party treasurer Peter Cruddas and Tory donors Michael Hintze, Crispin Odey and David Lilley all spent big on Brexit. A bonfire of regulation is overwhelmingly supported by the tiny number of super-rich donors who bankroll the Conservatives.

The irony in all this is that Johnson owes his “stonking” majority in Westminster to the former Labour voters in so-called “red wall” seats who will be ­hardest hit by a free market Brexit.

Having promised to level up, Johnson will deliver poorer living standards and less protection. But then again when did this prime minister ever care about ­ having lied to the people he claims to cherish?

Peter Geoghegan is investigations editor at openDemocracy. The paperback edition of his latest book Democracy for Sale: Dark Money and Dirty Politics was published earlier this month by Head of Zeus.


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