Mr Johnson was frequently interrupted by spontaneous applause as he delivered a stunning speech setting out the positive case for Britain leaving the Brussels project.

He laid out a soaring vision for a new Europe typified by freedom, democracy and friendship and freed from the clutches of grasping and autocratic eurocrats.

And he drew laughs as he quipped: “We are passengers locked in the back of a mini-cab with a wonky sat nav driven by a driver who doesn’t have perfect command of English and going in a direction, frankly, we don’t want to go.”

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On the other side of the argument the contrast could not have been more stark, with the pro-Brussels lobby drafting in dour ex-Labour Chancellor Alistair Darling to deliver a series of scarcely credible doomsday threats.

It was the latest desperate ploy from Mr Cameron’s Project Fear, which hopes it can scare people into voting to stick with the Brussels project on June 23.

But their scaremongering was dismissed by the London Mayor, who said Remain campaigners are simply kow-towing to big business and vested interests and do not have “a shred of idealism” in them.

And in the kind of speech Mr Cameron must have been dreading, the popular MP insisted it is better to take a positive step in the hope of making life better for millions of ordinary Britons rather than stick to a hopeless, hated status quo over trumped up fears a Brexit could make things worse.

He said: “The most depressing thing is that there is not one shred of idealism in their argument. Not a single one of them will stand up and admit that this is a political project.

“No one will say ‘you know what, I rather love the idea of a federal Europe’ but they should. That’s the logic of their position.

“But that’s not what they say, what they keep saying is ‘I’m a eurosceptic of course – we’re all eurosceptics – but we’ve got no choice’.

“They say ‘we all agree with you about the democratic problems, but it’s the price we have to pay’.

“The EU, they say it’s crap but we have no alternative – that’s their line.”

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Setting out his vision for a post-Brexit Europe, he continued: “Well folks, I’m afraid we do have an alternative and it’s a glorious alternative.

“A relationship with Europe based not on the whims of unelected bureaucrats, but on cooperation between elected governments where we can continue to work with our friends and our partners on matters of common interest – judicial, police cooperation, foreign, security, defence policy.

“We can do all that at intergovernmental level but where we are no longer subject to the stultifying one-way ratchet of supranational EU law.

“Where we take back control of £350 million per week, take back control of our borders. And as for the people who say we can’t trade freely with the rest of the world, all the people who prophesy doom, who say that the pound would fall or that interest rates could rise or there will be a plague of frogs, you know who they remind me of?

“They remind me of the prophets of doom who said the millennium bug would cause planes to fall from the sky, and they’re very often the same people who said it would be an economic disaster if we didn’t join the Euro.

“The very opposite turned out to be true and it’s precisely because we stayed out of the Euro that we now have the most dynamic economy in Europe.”

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Unlike doom mongers Mr Cameron and Mr Osborne, who consistently belittle British workers with patronising speeches about how we cannot make it alone, charismatic Mr Johnson gave an impassioned defence of British industry and creativity.

He said it was an “astonishing fact that this great country exports all sorts of things around the world”, listing products ranging from financial services and cultural achievements to bicycles built in London.

And he added that British companies could once again venture out into the wider world, creating new jobs and opportunities, if freed from the shackles of excessive Brussels red tape which costs our economy £600 million a week.

Describing how the EU transformed from an economic alliance into a fully-fledged federalist project, he said: “The plain fact is that this is now a political project, a nakedly political project, a plan to take a group of very diverse countries and mould them together in a way that is totally anachronistic.

“Just imagine that the EU had never been invented and the history of the last 60 years had been entirely different. It had been all about free trade and economic cooperation between our friends and partners in the European Union, with peace guaranteed by NATO, as indeed it has been.

“And imagine if somebody came to us now and said would you like to join this club a club that costs us £20 billion a year that takes away our right to control our borders and our right to control our democracy and where the real economic benefits to this country are about the same as membership of the Desperate Dan pie eater’s club.

“What would we say to them now knowing what we know now? Would we join it? No, we wouldn’t.”