A City Hall source told the Guardian this evening: “We will die in a ditch for Crossrail and the tube improvements … We have already had to put fares up and that is Ken’s primary line of attack. Boris will find it very hard getting re-elected.
The Tory mayor is waiting to see how his negotiations go with the Treasury before deciding whether to stand again in 2012. He may wait until Osborne’s spending review on 20 October before making an announcement, piling pressure on the chancellor. Osborne will not want a public row with the mayor who is hugely popular among the Tory grassroots.
A spokesman for the mayor denied Johnson was threatening to resign, saying: “He is quite confident of a good settlement for London.”
It went down to the wire and Boris threatened to resign and meant it.