Josh Babarinde, Lib Dem prospective parliamentary candidate for Eastbourne. Photo: Josh Babarinde
Josh Babarinde, Lib Dem prospective parliamentary candidate for Eastbourne. Photo: Josh Babarinde
Josh Babarinde, Lib Dem prospective parliamentary candidate for Eastbourne. Photo: Josh Babarinde
Josh Babarinde, Lib Dem prospective parliamentary candidate for Eastbourne. Photo: Josh Babarinde

Lib Dems' manifesto puts candidates in position to tear down Tory blue wall


Thomas Harding
  • English
  • Arabic

Largely unseen amid the battles between Labour and Conservative is the rising third force in British politics of the Liberal Democrats, who could well have a major impact on the general election.

While they have a modest international profile, the Lib Dems have a powerful election machine, beating the Conservatives to second place in last month’s local elections and overturning Tory majorities of more than 20,000 in several by-elections.

Indeed, their potential to capture seats across southern England, in what is called the Conservative “blue wall”, could lead to a political earthquake where the Lib Dems overtake the Tories in parliamentary seats.

Leading that charge in Conservative-held Eastbourne is Josh Babarinde, a 30-year-old candidate whose likely victory next month could herald the first breach in the blue wall, leading to its collapse.

In a manifesto launch on Monday, the Lib Dems promised higher taxes, focusing on the wealthy, flights, banks, energy companies and tech giants. The extra funds were music to the ears of Baberinde, who is promising better local services on the doorsteps of the south coast town.

In an increasingly upbeat campaign, the Lib Dems are eyeing their best result since taking 65 seats in 2010 under the leadership of Nick Clegg, who became deputy prime minister and is now vice president of Meta.

Lib Dem leader Ed Davey falls from a paddle board in Lake Windermere as he highlights Britain's water treatment issues. Reuters
Lib Dem leader Ed Davey falls from a paddle board in Lake Windermere as he highlights Britain's water treatment issues. Reuters

Blue Wall down

If the dominant Lib Dem signs in Eastbourne, which outnumber the Conservatives in the Victoria Road area by about five to one, are anything to judge by, then Mr Babarinde is on course to become MP for the town’s 104,000 residents.

“It would be a catastrophe for the Conservatives if they lose Eastbourne, a real sign that the blue wall is coming down and that they’re on course to get under 100 seats,” he told The National as we walked Eastbourne’s streets.

“I've been knocking on doors, since I was 16 years old and I've never experienced such discontent with a Conservative Party,” said the Eastbourne-born candidate.

Walking alongside him brings mini-celebrity moments as cars horns honk in support and people stop to chat.

Liberal Democrat parliamentary candidate Josh Babarinde campaigning in Eastbourne. Thomas Harding / The National
Liberal Democrat parliamentary candidate Josh Babarinde campaigning in Eastbourne. Thomas Harding / The National

Teacher v pupil

It is perhaps unsurprising that his support is high, as we are just a short distance from Cavendish School, where he was head boy in 2009, popular among both staff and pupils.

That explained why the potential MP respectfully addressed a woman as “Miss” when she opened her door.

“Josh was one of those pupils that you never forgot, absolutely a born leader,” said his former teacher, who did not want to be named.

The current MP, Caroline Ansell, also taught Mr Babarinde, who is now likely to put her out of a job in a constituency where the Conservatives have a majority of 3,205.

If Eastbourne goes Lib Dem it could mean a domino effect across southern England that sees them emerge as the second biggest party in Westminster.

The Electoral Calculus polling company currently puts the Conservatives on a mere 75 predicted seats with the Lib Dems' “high” tally at 73 MPs.

Ebbing blue vote

The Lib Dem charge to seize a swathe of Tory seats was given a boost by its manifesto release on Monday that led on National Health Service funding.

It is neglected local issues that most infuriate voters, especially Eastbourne’s long-promised maternity hospital – a pledge made by Boris Johnson – that has yet to materialise.

Instead, women in labour have to endure the 45-minute car journey over the South Downs hills to the nearest ward in Hastings.

“People see the state of our NHS, the state of our beaches and our rivers and our poverty locally and it's no wonder that many of them tell me ‘I can’t do it this time, I can’t vote Conservative,'” Mr Babarinde said.

“With Nigel Farage’s Reform taking votes, the Conservatives are really struggling to hold on to core support as they've let a lot of people down.”

Save the NHS

Lib Dem leader Ed Davey has also caught the public’s imagination with his high-profile publicity stunts to highlight England's sewage problem, such as tumbling into lakes.

But he has also seen support across the political divide following an emotional party political broadcast in which he spoke of his own experiences as a carer for his severely disabled son, John.

The party's key manifesto promise is to “save the NHS” which has a £165 billion budget, with a pledge to recruit 8,000 more GPs funded by a tax raid on the super-rich and banks.

That, said Mr Babarinde, was “getting a lot of cut-through” on the doorsteps, something witnessed by The National, where “there is not a lot of love here for Conservatives”, as one resident put it.

Ms Ansell was contacted for comment but did not respond.

Teenage%20Mutant%20Ninja%20Turtles%3A%20Shredder's%20Revenge
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Day 2, Dubai Test: At a glance

Moment of the day Pakistan’s effort in the field had hints of shambles about it. The wheels were officially off when Wahab Riaz lost his run up and aborted the delivery four times in a row. He re-measured his run, jogged in for two practice goes. Then, when he was finally ready to go, he bailed out again. It was a total cringefest.

Stat of the day – 139.5 Yasir Shah has bowled 139.5 overs in three innings so far in this Test series. Judged by his returns, the workload has not withered him. He has 14 wickets so far, and became history’s first spinner to take five-wickets in an innings in five consecutive Tests. Not bad for someone whose fitness was in question before the series.

The verdict Stranger things have happened, but it is going to take something extraordinary for Pakistan to keep their undefeated record in Test series in the UAE in tact from this position. At least Shan Masood and Sami Aslam have made a positive start to the salvage effort.

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THE SPECS

Aston Martin Rapide AMR

Engine: 6.0-litre V12

Transmission: Touchtronic III eight-speed automatic

Power: 595bhp

Torque: 630Nm

Price: Dh999,563

The specs

Engine: 2.0-litre 4-cyl

Power: 153hp at 6,000rpm

Torque: 200Nm at 4,000rpm

Transmission: 6-speed auto

Price: Dh99,000

On sale: now

Formula One top 10 drivers' standings after Japan

1. Lewis Hamilton, Mercedes 306
2. Sebastian Vettel, Ferrari 247
3. Valtteri Bottas, Mercedes 234
4. Daniel Ricciardo, Red Bull 192
5. Kimi Raikkonen, Ferrari 148
6. Max Verstappen, Red Bull 111
7. Sergio Perez, Force India 82
8. Esteban Ocon, Force India 65
9. Carlos Sainz Jr, Toro Rosso 48
10. Nico Hulkenberg, Renault 34

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Company%C2%A0profile
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Korean Film Festival 2019 line-up

Innocent Witness, June 26 at 7pm

On Your Wedding Day, June 27 at 7pm

The Great Battle, June 27 at 9pm

The Witch: Part 1. The Subversion, June 28 at 4pm

Romang, June 28 at 6pm

Mal Mo E: The Secret Mission, June 28 at 8pm

Underdog, June 29 at 2pm

Nearby Sky, June 29 at 4pm

A Resistance, June 29 at 6pm 

 

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Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

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.”

Our family matters legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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

Three trading apps to try

Sharad Nair recommends three investment apps for UAE residents:

  • For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
  • If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
  • Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
Scoreline

Al Wasl 1 (Caio Canedo 90 1')

Al Ain 2 (Ismail Ahmed 3', Marcus Berg 50')

Red cards: Ismail Ahmed (Al Ain) 77'

ON%20TRACK
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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

Updated: June 11, 2024, 7:50 AM