The Tory election victory transformed Boris Johnson from a prime minister who could barely win a vote in Parliament to one who can, for now, do as he pleases. It is a grotesque prospect. Johnson is a serial liar, a product of the ruling class who, until the morning of 13 December, lacked the respect of many in it.
As recently as October, David Cameron compared Johnson to a “greased piglet that manages to slip through people’s hands”.
Yet the meaning of Johnson’s victory for his class was clear. “Hedge funds enjoyed a bumper payday”, the Financial Times reported.