Former UK prime minister Tony Blair has faced a good many jibes over the years, but the most cutting of them came near the end of his 10 years in Downing Street. David Cameron, then the new leader of the opposition and eventual prime minister, declared that Mr Blair's fresh face had worn off. “You were the future, once,” he said.
The jibe stuck. Worn down by the terrible course of events in Iraq following the US-led invasion of the country in 2003, which the Blair government was a part of, and under pressure from his ambitious colleague and eventual successor, Gordon Brown, Mr Blair could indeed see the end was on the horizon.
Now, time has finally provided a riposte to Mr Cameron following his own much-criticised decision to call a Brexit referendum in 2016, and it is possible to say that Mr Blair should – perhaps even could – be the future again.
There is a prodigious energy to Mr Blair that only seems to defy time.
The passion he puts into the international issues he is closely identified with remains unsurpassed. During the coronavirus pandemic, he has gained a whole policy reach on global health resilience. Politico, the American news site, recently dubbed him, in a tongue-in-cheek way, as a "wannabe future prime minister". It was a joke, but the writer had a point.
Next week, Mr Blair is scheduled to host a two-way chat with John Kerry, the US special envoy for climate, at the Science Museum in London. It will be a reunion of sorts with Mr Kerry. It will also demonstrate how on behalf of the Tony Blair Institute for Global Change, the former prime minister is still engaged at the highest levels – and an example of the kind of thought leadership that Mr Blair has been exerting for years.
Mr Kerry’s energetic return to the spotlight – he is a former senator, presidential candidate and secretary of state – has shown that there is value in expertise and experience.
Mr Blair has never been away. The former Labour party leader has used his connections to build up a formidable body of work on countering religious extremism, disease and pandemic management as well as technological adaptation. He has also worked on improving governance in some of the poorest states.
The only man to have soundly beaten the ruling Conservative party in three consecutive elections has been a figure of ideas since stepping down in 2007. What has changed is that people are listening anew. There is fresh yearning for the leadership style he offers, one of ideas and reassurance.
There are three forces at work that are now playing to Mr Blair’s strengths.
Throughout the pandemic, the work sponsored by Mr Blair has provided a framework that recognised the gravity of the threat posed by Covid-19 while offering ways to continue to function.
After electoral defeats under far-left leaders, the Labour party is once again grappling for a winning formula. As the focus groups of alienated former supporters gather, a surprising message is coming out. Why, the respondents ask, did the party give up on Mr Blair's reformist, progressive agenda?
Thirdly, as this newspaper highlighted last week, the records from his time in government are starting to come into the public domain. A tranche from 1997 showed that he engaged in a detailed quest within his government to test its policy on Saddam Hussein's rule in Iraq.
A serious charge against Mr Blair has been that he overrode proper process to force the country into the 2003 invasion, which was misconceived and caused immense suffering. In fact, it was the most serious charge. Opposition to the war that ensued and the mishandling of the occupation forced his resignation.
The issue of Northern Ireland is certainly providing a contrast with the current administration of Boris Johnson. Mr Blair’s achievements are being daily undermined by Mr Johnson’s Brexit policy. London is now a divisive player on the Irish situation in its battles with Brussels, most recently seeking to renegotiate parts of its deal with the bloc involving Northern Ireland.
It is unthinkable that Mr Blair’s deep knowledge and hard work can be unpicked, but he himself is very worried. Hardening divisions in Ireland will, however, only bolster his reputation for smart and effective leadership.
Throughout the pandemic, he has spoken earlier than the government on vaccine rollouts, passports for verifying inoculation status and the need to provide global vaccination. His point has always been that nothing is risk-free in a permanent lockdown or during cycles of isolation – and, therefore, that is no way to live.
With the majority of the UK population vaccinated, Mr Blair’s remedies, worked out with think-tank rigour, provide a means to an end. For people seeking sound visions of where to go, Mr Blair is alone in rising above the cacophony of carping by experts.
Mr Johnson starts the third year of his prime ministership today and the country he leads is likely to change rapidly over the next few years. The signature policies from the Blair era, such as 50 per cent of school leavers should go to university for a degree, are no longer fit for purpose. Unfortunately for the Labour opposition, it continues to flounder because, while listening to the calls now for a Blairite approach, it cannot cut through with ideas on how to bring about change. This is also why Mr Blair is more than just a lion in winter continuing to prowl.
Back in the 1990s, the former prime minister had promised a new dawn to the UK. He had used a campaign song titled Things can only get better. It is not beyond reason to see him as the change-maker the country needs once again – not with the same ideas but with the energy to quest for the new, and with the drive to make it happen.
Company Profile:
Name: The Protein Bakeshop
Date of start: 2013
Founders: Rashi Chowdhary and Saad Umerani
Based: Dubai
Size, number of employees: 12
Funding/investors: $400,000 (2018)
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
AL%20BOOM
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'Shakuntala Devi'
Starring: Vidya Balan, Sanya Malhotra
Director: Anu Menon
Rating: Three out of five stars
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
THE CARD
2pm: Maiden Dh 60,000 (Dirt) 1,400m
2.30pm: Handicap Dh 76,000 (D) 1,400m
3pm: Handicap Dh 64,000 (D) 1,200m
3.30pm: Shadwell Farm Conditions Dh 100,000 (D) 1,000m
4pm: Maiden Dh 60,000 (D) 1,000m
4.30pm: Handicap 64,000 (D) 1,950m
UAE rugby season
FIXTURES
West Asia Premiership
Dubai Hurricanes v Dubai Knights Eagles
Dubai Tigers v Bahrain
Jebel Ali Dragons v Abu Dhabi Harlequins
UAE Division 1
Dubai Sharks v Dubai Hurricanes II
Al Ain Amblers v Dubai Knights Eagles II
Dubai Tigers II v Abu Dhabi Saracens
Jebel Ali Dragons II v Abu Dhabi Harlequins II
Sharjah Wanderers v Dubai Exiles II
LAST SEASON
West Asia Premiership
Winners – Bahrain
Runners-up – Dubai Exiles
UAE Premiership
Winners – Abu Dhabi Harlequins
Runners-up – Jebel Ali Dragons
Dubai Rugby Sevens
Winners – Dubai Hurricanes
Runners-up – Abu Dhabi Harlequins
UAE Conference
Winners – Dubai Tigers
Runners-up – Al Ain Amblers
Director: Jon Favreau
Starring: Donald Glover, Seth Rogen, John Oliver
Rating: 2 out of 5 stars
Honeymoonish
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UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Name: Akeed
Based: Muscat
Launch year: 2018
Number of employees: 40
Sector: Online food delivery
Funding: Raised $3.2m since inception
The years Ramadan fell in May
MATCH INFO
Barcelona v Real Madrid, 11pm UAE
Match is on BeIN Sports
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
Biography
Favourite Meal: Chicken Caesar salad
Hobbies: Travelling, going to the gym
Inspiration: Father, who was a captain in the UAE army
Favourite read: Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter
Favourite film: The Founder, about the establishment of McDonald's
Why seagrass matters
- Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
- Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
- Biodiversity: Support species like sea turtles, dugongs, and seabirds
- Coastal protection: Reduce erosion and improve water quality
RoboCop%3A%20Rogue%20City
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COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)