Next month, Britain votes on continued membership of the European Union. Those favouring an exit, or Brexit, including several cabinet ministers, warn of uncontrolled waves of immigration or of the emergence of an unelected superstate. Those in favour of remaining, led by prime minister David Cameron, suggest that house prices would slump, national security would be threatened, and that ISIL and Russian president Vladimir Putin would rejoice if the UK left. There is plenty of hyperbole, but little in the way of verifiable fact.
I’ve been away too long to qualify for a vote, have relocated my British links to Jersey, which isn’t an EU member, and am now committed, in a variety of ways, to the UAE. That doesn’t mean that I don’t have views on the issue. With decades of political engagement within the United Kingdom, it could hardly be otherwise. I admire – and loathe – people on both sides of the remain/leave debate. My views, too, are split between the two sides.
I supported Britain’s entry into the original European Economic Community. It made excellent sense. I view with distaste the concept of “ever-closer union” between EU members, though fortunately a UK opt-out has now been accepted. I was against British adoption of the euro – and thank goodness that didn’t happen. The UK’s history is linked closely to those of its nearest neighbours. Britain, though, has little in common with EU members in eastern or south-eastern Europe, which have neither a colonial heritage nor a large number of inhabitants whose origins are in vanished overseas empires. In the east, west and south, perceptions of the greatest external threats vary enormously.
Britain, through the Commonwealth, has historical, ethnic and other links that span the globe. Yet Commonwealth citizens lack the freedom to enter and to work in the UK that is enjoyed by other EU citizens. A Pole can enter the UK freely, but an Australian or a Jamaican cannot. It’s little wonder that that arouses criticism.
Would a Brexit revitalise the campaign for Scottish separation from the United Kingdom? Probably – and I would not welcome that. British-Irish ties are at their warmest in 100 years. How would Brexit affect those relations? What about Jersey, so close to the French coast?
How would the rest of the world react? American president Barack Obama has said that Britain, outside the EU, couldn’t expect to be at the front of the queue for new trading agreements, although other US politicians suggest otherwise. China, Japan and Canada have made it clear they support continued membership.
Yet, in my view, the recent record of the EU has been dismal. The euro crisis is far from being resolved and the EU has failed to tackle effectively the challenges posed by the wave of millions of migrants and refugees. These and other facts engender little confidence in the ability of the EU and its members to move forward. As it staggers uncertainly ahead, it’s difficult to avoid the conclusion that dramatic, perhaps unappealing, change awaits. And that’s without considering the overweening EU bureaucracy, with its over-regulation, lack of transparency and, often, evident contempt for the democratically expressed views of the citizens of member countries. The comment by EU chief Jean-Claude Juncker that the British will be “deserters” if they vote to leave is, frankly, insulting.
A slimmed-down Brussels bureaucracy, a review of freedom of movement, a recognition that millennia of historical and cultural differences matter, hugely, to many ordinary people – these might make a British vote to remain more reasonable. But they are not on offer. Yet Britain’s future outside the EU would, indeed, be unpredictable, economically and otherwise.
The issue is hugely complex, yet the increasingly shrill debate remains focused more on fear than on fact. Polls suggest that many are still undecided or won’t vote. I’m firmly in the undecided group. Perhaps it’s just as well that I don’t have a vote.
Peter Hellyer is a consultant specialising in the UAE’s history and culture
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
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Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20HyveGeo%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Abdulaziz%20bin%20Redha%2C%20Dr%20Samsurin%20Welch%2C%20Eva%20Morales%20and%20Dr%20Harjit%20Singh%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ECambridge%20and%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ESustainability%20%26amp%3B%20Environment%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%24200%2C000%20plus%20undisclosed%20grant%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVenture%20capital%20and%20government%3C%2Fp%3E%0A
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
PROFILE OF CURE.FIT
Started: July 2016
Founders: Mukesh Bansal and Ankit Nagori
Based: Bangalore, India
Sector: Health & wellness
Size: 500 employees
Investment: $250 million
Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)
Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Tank warfare
Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks.
“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.
“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
UAE currency: the story behind the money in your pockets