Liz Truss canvassing in her constituency in Norfolk in 2010. Getty Images
Liz Truss canvassing in her constituency in Norfolk in 2010. Getty Images
Liz Truss canvassing in her constituency in Norfolk in 2010. Getty Images
Liz Truss canvassing in her constituency in Norfolk in 2010. Getty Images

With her reputation battered, can 49-day prime minister Liz Truss win another term as MP?


Daniel Bardsley
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With a healthy majority in her South West Norfolk parliamentary constituency at the last general election, Liz Truss should – in theory – be set for an easy win when the UK goes to the polls on July 4.

Yet with the turbulence of her 49-day spell as prime minister in late 2022 still fresh in the memory, and with a right-leaning independent candidate running against her, Ms Truss may be facing a fight to simply remain as an MP. The Conservative party she still wishes to represent is on course for defeat and her successor Rishi Sunak's early campaigning has fallen flat.

She even faces calls to be deselected as a candidate over her appearance on a platform founded by a “far-right” commentator who holds “despicable views about violence against women”.

Jess Phillips, the former shadow minister for domestic violence and safeguarding, has written to the Prime Minister to criticise the interview, which was to promote Ms Truss's book, Ten Years To Save The West.

In Downham Market, a picturesque small town in the constituency, on the edge of the flat, low-lying Fens agricultural region, even some residents who would normally happily vote for the Conservatives are adamant that they will not mark an X next to Ms Truss's name on polling day.

Max Wiseman, a 34-year-old chartered surveyor from the village of Northwold, describes himself as “Tory for sure”, yet even he said it was “game over” for the 48-year-old MP, who has represented South West Norfolk since 2010.

“I reckon she should call it a day, to be honest,” he said. “I just think all of her policies, they weren’t well received and I think seeing her in the media since her tenure, she’s so naive. I don’t think she genuinely thinks she did anything wrong.”

Mr Wiseman said he would probably vote for the independent running against Ms Truss, a 71-year-old retired barrister and solicitor called James Bagge.

Max Wiseman, a Conservative voter from South West Norfolk who will not be supporting Liz Truss. Daniel Bardsley / The National
Max Wiseman, a Conservative voter from South West Norfolk who will not be supporting Liz Truss. Daniel Bardsley / The National

Mr Bagge branded Ms Truss’s time in 10 Downing Street as “catastrophic” and said that she “shows no genuine interest in the affairs of this constituency” and instead continues “to have political ambitions here in the UK and abroad”.

“I’m best placed, frankly, to usurp Liz Truss,” he said. “Most people vote Conservative here, but they don’t want to vote for Liz Truss. I’m sufficiently confident there are enough of them who will vote for me given the antipathy towards her and party politics generally.”

Despite her battered reputation, and the fact that the Conservative Party are down around 20 percentage points to the Labour Party in national polls, Ms Truss might prove tough to dislodge.

Downham Market, a small town in the South West Norfolk parliamentary constituency. Daniel Bardsley / The National
Downham Market, a small town in the South West Norfolk parliamentary constituency. Daniel Bardsley / The National

In the 2019 election, she secured 69 per cent of the vote in South West Norfolk, while the second-placed candidate, representing Labour, attracted just 18 per cent.

Also, while it is not unusual for independent candidates to achieve success in UK local elections, it has often been tougher for them to secure parliamentary seats.

Writing on Facebook after the election was announced, Ms Truss insisted that she had a “proven history of delivering results for South West Norfolk”, citing the establishment of a banking hub in Downham Market and the securing of £20 million (Dh93.36 million) in regeneration funds for a nearby town, Thetford, as among her achievements.

“I am running on my record of standing up for the residents of South West Norfolk over the past 14 years,” she wrote.

Since resigning as prime minister, Ms Truss has published her book and has hit the international lecture circuit.

Dr Matt Beech, director of the Centre for British Politics at the University of Hull, said Ms Truss was “still relatively young” and may hope to retain influence with the Conservative Party.

“When the Conservatives get back into government, she would be seen as an elder stateswoman,” he said. “At the moment, it’s still quite fresh, when she was in office for a very short time.”

James Bagge, who is standing as an independent candidate against Liz Truss. Daniel Bardsley / The National
James Bagge, who is standing as an independent candidate against Liz Truss. Daniel Bardsley / The National

While Ms Truss is looking to remain in politics, the chancellor who she sacked after a mere 38 days in office, Kwasi Kwarteng, announced in February that he would be standing down from parliament. More than 75 other Conservative MPs are doing the same.

It was Mr Kwarteng’s badly received September 2022 “mini-budget”, often described as containing £45 billion (Dh210.05 million) of unfunded tax cuts, that ultimately precipitated Ms Truss’s downfall.

After such a disastrous spell in office, in the UK she is now “something of a figure of fun”, according to Prof Alan Finlayson, professor of political and social theory at the University of East Anglia in the nearby city of Norwich.

She’s not really proven herself as an international heavyweight
Prof Alan Finlayson

“She’s not really proven herself as an international heavyweight. She’s not a great speaker,” he said. “Maybe she does hold a hope to return to frontline politics or be a kingmaker.”

If Ms Truss continues to harbour political ambitions, she can probably only achieve them if she wins South West Norfolk again in July. Will her local record be enough to secure her another term as an MP?

Prof Finlayson said that if her campaign goes smoothly, her chances of re-election are fairly good, at 70:30 in her favour.

But if Mr Bagge succeeds in attracting voters who would normally support the Conservatives, “the anti-Truss vote could align against her”.

Liz Truss through the years – in pictures

“If there’s an organised on and offline vote against Truss, her chances drop dramatically,” Prof Finlayson said.

While not tending to be a Conservative voter in the past, one person still prepared to listen to what Truss has to say is Julie Barrow, 45, a town planner from Wimbotsham, just north of Downham Market.

“I think she deserves the chance to demonstrate to us she can truly represent us and make a change,” she said.

Another South West Norfolk resident, Lawrence Matthews, 60, a recently retired manufacturing supervisor from Downham Market who normally votes Labour, said he thought Ms Truss was “quite popular” locally.

“She does put her face in occasionally, to be fair,” he said. “There’s probably still enough [Conservatives] to put her back in.”

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

GROUPS AND FIXTURES

Group A
UAE, Italy, Japan, Spain

Group B
Egypt, Iran, Mexico, Russia

Tuesday
4.15pm
: Italy v Japan
5.30pm: Spain v UAE
6.45pm: Egypt v Russia
8pm: Iran v Mexico

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Racecard

7pm: Abu Dhabi - Conditions (PA) Dh 80,000 (Dirt) 1,600m

7.30pm: Dubai - Maiden (TB) Dh82,500 (D) 1,400m

8pm: Sharjah - Maiden (TB) Dh82,500 (D) 1,600m

8.30pm: Ajman - Handicap (TB) Dh82,500 (D) 2,200m

9pm: Umm Al Quwain - The Entisar - Listed (TB) Dh132,500 (D) 2,000m

9.30pm: Ras Al Khaimah - Rated Conditions (TB) Dh95,000 (D) 1,600m

10pm: Fujairah - Handicap (TB) Dh87,500 (D) 1,200m

UAE currency: the story behind the money in your pockets

Profile of MoneyFellows

Founder: Ahmed Wadi

Launched: 2016

Employees: 76

Financing stage: Series A ($4 million)

Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Results

2pm: Serve U – Maiden (TB) Dh60,000 (Dirt) 1,400m; Winner: Violent Justice, Pat Dobbs (jockey), Doug Watson (trainer)

2.30pm: Al Shafar Investment – Conditions (TB) Dh100,000 (D) 1,400m; Winner: Desert Wisdom, Bernardo Pinheiro, Ahmed Al Shemaili

3pm: Commercial Bank of Dubai – Handicap (TB) Dh68,000 (D) 1,200m; Winner: Fawaareq, Sam Hitchcott, Doug Watson

3.30pm: Shadwell – Rated Conditions (TB) Dh100,000 (D) 1,600m; Winner: Down On Da Bayou, Xavier Ziani, Salem bin Ghadayer

4pm: Dubai Real Estate Centre – Maiden (TB) Dh60,000 (D) 1,600m; Winner: Rakeez, Patrick Cosgrave, Bhupat Seemar

4.30pm: Al Redha Insurance Brokers – Handicap (TB) Dh78,000 (D) 1,800m; Winner: Capla Crusader, Bernardo Pinheiro, Rashed Bouresly

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.0-litre%2C%20flat%20six-cylinder%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3Eseven-speed%20PDK%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E510hp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E470Nm%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh634%2C200%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A

The Sky Is Pink

Director: Shonali Bose

Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf

Three stars

The%C2%A0specs%20
%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E6-cylinder%2C%204.8-litre%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E5-speed%20automatic%20and%20manual%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E280%20brake%20horsepower%20%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E451Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh153%2C00%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
Suggested picnic spots

Abu Dhabi
Umm Al Emarat Park
Yas Gateway Park
Delma Park
Al Bateen beach
Saadiyaat beach
The Corniche
Zayed Sports City
 
Dubai
Kite Beach
Zabeel Park
Al Nahda Pond Park
Mushrif Park
Safa Park
Al Mamzar Beach Park
Al Qudrah Lakes 

MATCH INFO

Chelsea 1 (Hudson-Odoi 90 1')

Manchester City 3 (Gundogan 18', Foden 21', De Bruyne 34')

Man of the match: Ilkay Gundogan (Man City)

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
Picture of Joumblatt and Hariri breaking bread sets Twitter alight

Mr Joumblatt’s pessimism regarding the Lebanese political situation didn’t stop him from enjoying a cheerful dinner on Tuesday with several politicians including Mr Hariri.

Caretaker Culture Minister Ghattas Khoury tweeted a picture of the group sitting around a table at a discrete fish restaurant in Beirut’s upscale Sodeco area.

Mr Joumblatt told The National that the fish served at Kelly’s Fish lounge had been very good.

“They really enjoyed their time”, remembers the restaurant owner. “Mr Hariri was taking selfies with everybody”.

Mr Hariri and Mr Joumblatt often have dinner together to discuss recent political developments.

Mr Joumblatt was a close ally of Mr Hariri’s assassinated father, former prime minister Rafik Hariri. The pair were leading figures in the political grouping against the 15-year Syrian occupation of Lebanon that ended after mass protests in 2005 in the wake of Rafik Hariri’s murder. After the younger Hariri took over his father’s mantle in 2004, the relationship with Mr Joumblatt endured.

However, the pair have not always been so close. In the run-up to the election last year, Messrs Hariri and Joumblatt went months without speaking over an argument regarding the new proportional electoral law to be used for the first time. Mr Joumblatt worried that a proportional system, which Mr Hariri backed, would see the influence of his small sect diminished.

With so much of Lebanese politics agreed in late-night meetings behind closed doors, the media and pundits put significant weight on how regularly, where and with who senior politicians meet.

In the picture, alongside Messrs Khoury and Hariri were Mr Joumbatt and his wife Nora, PSP politician Wael Abou Faour and Egyptian ambassador to Lebanon Nazih el Nagari.

The picture of the dinner led to a flurry of excitement on Twitter that it signified an imminent government formation. “God willing, white smoke will rise soon and Walid Beik [a nickname for Walid Joumblatt] will accept to give up the minister of industry”, one user replied to the tweet. “Blessings to you…We would like you to form a cabinet”, wrote another.  

The next few days will be crucial in determining whether these wishes come true.

MATCH INFO

Euro 2020 qualifier

Croatia v Hungary, Thursday, 10.45pm, UAE

TV: Match on BeIN Sports

Updated: May 30, 2024, 9:13 AM