Live updates: Follow the latest news on the UK general election
Britain's governing Conservatives face “total wipeout” in the approaching general election, being reduced to “an irrelevancy” in parliament, a leading polling analyst has told The National.
The world’s most successful election-winning machine is on the brink of losing power to the Labour party, possibly for a generation, with the Tories giving UK voters “very little reason to vote for them ever again,” said Chris Hopkins of Savanta. It would also cause a scramble for a new leader from a very small pool of MPs, with some potential candidates losing their seats.
That the Conservatives are going to lose power is widely accepted as a near certainty but the question now is just how many seats the party will manage to hold, with bookmakers putting the odds heavily in favour of less than 100.
That would eclipse the Tories' worst performance in modern political history, outdoing the elections in 1997 (165 seats) and 1906 (156 seats).
“We have to start getting used to the idea of a complete Conservative wipeout,” said Mr Hopkins.
On a good day, opinion polls give them around 170 seats, although the latest MRP survey of 20,000 people put this down to 140.
Reduced to irrelevancy
The most serious threat is posed by the surge of support for the hard-right Reform UK since its charismatic leader Nigel Farage announced he would stand for parliament, although this could be weakened by his comments on Nato and Ukraine and allegations of racism against some candidates.
People who voted for Boris Johnson’s Conservatives in the 2019 election, when they won 365 seats, now have a choice of sticking with them, voting for Reform, returning to Labour, opting for the left-of-centre Liberal Democrats or simply staying at home on Thursday.
The impact will become clear on polling day, but it very much looks like Reform could account for a collapse in Tory seats, by taking up to 20 per cent of the vote.
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That could leave the Tories with between 50 and 100 seats, said Mr Hopkins.
“There is massive potential for the Conservative Party to be reduced to almost an irrelevancy in parliament,” he said. “Nothing has gone right for them for a long time, both politically and mathematically. Plus, voters are very, very open to giving the Tories a kicking and I think that they're going to get it.”
Meanwhile, Labour is in line to record its highest number of seats with some polling companies giving the party 470 out of the total of 650.
This would give Keir Starmer's party a 290-seat majority – or a “supermajority” as the Conservatives refer to it – and may well guarantee that Labour remains in power for at least the next decade.
Tory fallout
The next question for the Conservatives will be choosing a new leader from among the MPs left in parliament after Rishi Sunak’s inevitable resignation, most likely on Friday.
The House of Commons will soon have a very different feel to it, with many big-hitting Conservatives in line for a fall including Chancellor Jeremy Hunt, Defence Secretary Grant Shapps, Johnny Mercer, Liam Fox and Anne-Marie Trevelyan and former leader Iain Duncan Smith.
It will then be a question of whether the remaining MPs push the party to the right, into the arms of Mr Farage, or tack back to the centre, where elections are won in Britain.
“Who knows who will be left standing for the leadership as it’s going to be a very different-looking Tory party on Friday morning,” concluded Mr Hopkins.
Canada '93
The memory of Canada’s Progressive Conservatives’ evisceration in 1993, when it went from the ruling party to holding just two seats, is now being more frequently discussed, with the Tories potentially getting less than 50.
The Conservatives also face a further threat from various websites, such as Best for Britain, advising people how to vote tactically to remove their Tory MP.
However, these sites are not always accurate and could potentially assist the sitting MP by giving wrong advice. “If they’re wrong, then the Conservative could end up holding on to some seats by a whisker,” Mr Hopkins said.
With more parties becoming serious contenders for seats there is a stronger likelihood of three-way splits in voting in some constituencies, although these are difficult to predict.
The rise of Reform also means that in Britain’s first-past-the-post voting system the threshold of victory is lower for Labour and the Lib Dems.
Lib Dem opposition
Given the increasingly grim fallout from the “Gamblegate” scandal where Tories placed dates on the date of the election, there is now a slim chance that the Lib Dems could overtake the Conservatives to become the main opposition party.
Four weeks ago Mr Hopkins said that chance was zero “but the fact it’s now not zero tells you something”, he said. The chance of Lib Dem leader Ed Davey becoming leader of the opposition “is not zero any more”, he added.
“That is pretty incredible for the Lib Dems because at every other election it is basically zero.”
The Electoral Calculus polling company now predicts the Lib Dems overtaking the Conservatives with 71 seats to the Tories’ 61.
“If they get their voting operation right and get out the vote and campaign bang on, then that feels eminently plausible,” said Mr Hopkins.
It also appeared from party activist feedback that even “shy Tories” will not save the Conservatives on this occasion.
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.”
Pots for the Asian Qualifiers
Pot 1: Iran, Japan, South Korea, Australia, Qatar, United Arab Emirates, Saudi Arabia, China
Pot 2: Iraq, Uzbekistan, Syria, Oman, Lebanon, Kyrgyz Republic, Vietnam, Jordan
Pot 3: Palestine, India, Bahrain, Thailand, Tajikistan, North Korea, Chinese Taipei, Philippines
Pot 4: Turkmenistan, Myanmar, Hong Kong, Yemen, Afghanistan, Maldives, Kuwait, Malaysia
Pot 5: Indonesia, Singapore, Nepal, Cambodia, Bangladesh, Mongolia, Guam, Macau/Sri Lanka
The specs: 2018 Jeep Grand Cherokee Trackhawk
Price, base: Dh399,999
Engine: Supercharged 6.2-litre V8
Gearbox: Eight-speed automatic
Power: 707hp @ 6,000rpm
Torque: 875Nm @ 4,800rpm
Fuel economy, combined: 16.8L / 100km (estimate)
Company%20profile
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Innotech Profile
Date started: 2013
Founder/CEO: Othman Al Mandhari
Based: Muscat, Oman
Sector: Additive manufacturing, 3D printing technologies
Size: 15 full-time employees
Stage: Seed stage and seeking Series A round of financing
Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now.
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COMPANY PROFILE
Name: Lamsa
Founder: Badr Ward
Launched: 2014
Employees: 60
Based: Abu Dhabi
Sector: EdTech
Funding to date: $15 million
Schedule for show courts
Centre Court - from 4pm UAE time
Johanna Konta (6) v Donna Vekic
Andy Murray (1) v Dustin Brown
Rafael Nadal (4) v Donald Young
Court 1 - from 4pm UAE time
Kei Nishikori (9) v Sergiy Stakhovsky
Qiang Wang v Venus Williams (10)
Beatriz Haddad Maia v Simona Halep (2)
Court 2 - from 2.30pm
Heather Watson v Anastasija Sevastova (18)
Jo-Wilfried Tsonga (12) v Simone Bolelli
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The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
MATCH INFO
Crawley Town 3 (Tsaroulla 50', Nadesan 53', Tunnicliffe 70')
Leeds United 0
TOURNAMENT INFO
Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia
UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri
The White Lotus: Season three
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Rating: 4.5/5
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Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
The specs
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Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Dirham Stretcher tips for having a baby in the UAE
Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:
• Buy second hand stuff
They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.
• Get a health card and vaccinate your child for free at government health centres
Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.
• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.
Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.
• Once baby is ready for solids, cook at home
Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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Oscars in the UAE
The 90th Academy Awards will be aired in the UAE from 3.30am on Monday, March 5 on OSN, with the ceremony starting at 5am