Boris Johnson ‘lining up Sajid Javid as Chancellor if he becomes Prime Minister’

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Mr Javid is reportedly the favourite choice to move into 11 Downing Street should Mr Johnson prove victorious in the Conservative Party leadership race. It comes after the former Mayor of London spoke out in support of a plan by Mr Javid to splash £1billion over the next three years on 20,000 extra police officers. Mr Johnson has promised to keep “police numbers high” should be become Prime Minister and insisted there is enough cash to boost police funding. His comments have helped boost speculation that Mr Javid could be in line for a top job in Mr Johnson’s cabinet.

One minister told The Financial Times: “It will be Saj.

“He has the gravitas, he’s respected in the City, he’s worked at the Treasury before.”

Speaking during his failed leadership campaign before being knocked out of the running, Mr Javid vowed to spend £100billion on infrastructure projects across the UK to narrow the wealth gap between the North and South.

The project would run over five years and would take advantage of low borrowing costs.

Speaking earlier this month, Mr Javid: “We can’t be a one nation party if we’ve got two economies – London and the South East, and then everywhere else.

“When I talk about unifying the country, I’m talking about giving everybody an opportunity to get on – not just giving people a chance to make their way in the capital.”

Mr Johnson has said he wants to spend more on social care, schools and broadband.

Another person told the FT that “Boris really is planning to turn on the spending taps”.

A spokesman for the Tory leader frontrunner told the paper Mr Johnson “takes fiscal responsibility very seriously and has consistently voted for it in parliament”.

On his plans for the economy, Mr Johnson has said he wants to raise the threshold for the higher rate of income tax to £80,000.

Under his proposals, the higher rate of tax would be paid on earnings over £80,000, up from the current threshold of £50,000.

The point at which workers start paying national insurance contributions would also rise.

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