Katy Balls Katy Balls

Rishi Sunak’s mortgage timebomb

(Credit: Getty images)

Another week, another round of partygate stories. Leaked footage over the weekend of Tory aides working on the London mayoral campaign in 2020 partying despite strict covid rules at the time meant that the top news line from the Sunday government media round was Michael Gove apologising on behalf of the Conservative party. Later today, MPs will seal Boris Johnson’s punishment after the privileges committee found the former prime minister guilty of deliberately misleading parliament. However, the debate could be a lot less dramatic than expected, with MPs on a one-line whip and Johnson standing down several of his supporters – asking them not to vote against the proposed punishment (despite calling the report a political punishment) that he be banned from having the commons’ pass former MPs hold. There is a chance the conclusions of the privileges committee will get waved through without a vote.

An election in 2023 remains unlikely

However, the bigger issue for Sunak this week is not the legacy of Boris Johnson but the ticking mortgage time bomb.

Comments

Join the debate for just $5 for 3 months

Be part of the conversation with other Spectator readers by getting your first three months for $5.

Already a subscriber? Log in