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Four lessons Boris Johnson will have learned from his time running London

Boris Johnson
On his watch, London grew at an astonishing rate, turning itself into a global economic powerhouse

It would take a gaffe of earth-shattering proportions to stop him now. True, if any candidate is capable of that, this one is. And yet, once his commanding lead in the first round of voting among Conservative MPs is taken into account, it looks certain that Boris Johnson will become Prime Minister next month. The markets are not going to like that one bit, and sterling is already wobbling.

Johnson has been here before, admittedly in a far less crucial role. Right after he became Mayor of London in 2008 the city was hit by the crash, hardly a minor matter for a place that relies on banking for its jobs and prosperity. On his watch, London grew at an astonishing rate, turning itself into a global...

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