Boris Johnson playing rugby with Japanese primary school children. AFP
Boris Johnson playing rugby with Japanese primary school children. AFP
Boris Johnson playing rugby with Japanese primary school children. AFP
Boris Johnson playing rugby with Japanese primary school children. AFP


Boris Johnson needs a new game plan to tackle his problems


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February 07, 2022

The opening of the 2022 Six Nations rugby championship this weekend is a reminder of what will be one of the memorable images of UK Prime Minister Boris Johnson’s time in power.

Two years ago, Mr Johnson was in the flush of victory after landing a surprise 80-seat majority in the late 2019 election. In March 2020, he went to the Twickenham stadium in south-west London for an England game.

Covid-19 was circulating but the UK government was not paying much attention. Mr Johnson himself missed a handful of Cabinet-level crisis meetings on the emergence of the new disease. He stood in the stands wearing a padded black Barbour jacket that in many ways represented campaign armour. There were no masks in sight. By his side was Carrie, the woman who would soon be his third wife, and the couple glowed from the photos as the stadium hummed with excitement for the game.

Mr Johnson once compared his quest for power to the dynamics of rugby. Speaking to the broadcaster Michael Cockerell about his prospects, Mr Johnson said he would only succeed if the ball came loose from the scrum (for the uninitiated, the rugby scrum is the heart of the game that moves possession and territory under the weight of half the players on the field). The metaphor eventually came good because it took the Brexit referendum to loosen the leadership grip of the party establishment on the Conservatives. The maverick Mr Johnson grabbed the ball and ran away with it.

After weeks of pressure in the Partygate affair, Mr Johnson is probably thinking of his premiership in rugby terms.

  • UK Prime Minister Boris Johnson’s inner circle has been hit after five aides quit Downing Street. Chief of Staff Dan Rosenfield, above, resigned. PA
    UK Prime Minister Boris Johnson’s inner circle has been hit after five aides quit Downing Street. Chief of Staff Dan Rosenfield, above, resigned. PA
  • The resignation of Mr Johnson’s principal private secretary, Martin Reynolds, left, was also confirmed on a day of turmoil. AFP
    The resignation of Mr Johnson’s principal private secretary, Martin Reynolds, left, was also confirmed on a day of turmoil. AFP
  • Director of communications Jack Doyle resigned earlier on Thursday. PA
    Director of communications Jack Doyle resigned earlier on Thursday. PA
  • Munira Mirza, one of Mr Johnson’s most loyal and long-standing advisers, walked out over his use of a 'scurrilous' smear involving Jimmy Savile against Labour leader Sir Keir Starmer. PA
    Munira Mirza, one of Mr Johnson’s most loyal and long-standing advisers, walked out over his use of a 'scurrilous' smear involving Jimmy Savile against Labour leader Sir Keir Starmer. PA
  • Elena Narozanski has become the second adviser to quit the No.10 policy unit. PA
    Elena Narozanski has become the second adviser to quit the No.10 policy unit. PA
  • The resignations have thrown the Prime Minister's leadership into further crisis. Getty Images
    The resignations have thrown the Prime Minister's leadership into further crisis. Getty Images

One aspect of the game is phases of attack – where one team can push to score in waves, known as phases. A team can be buffeted by 40 or more phases and still see off an attacking attempt. What’s required is a dogged determination to cover all defensive lines, go to ground and then push back. Mr Johnson will undoubtedly be thinking that his side is still in the game as long as it is still defending against all oncoming onslaughts.

The cost has been horrendous. Mr Johnson lost four key figures in his government on Thursday alone, including his chief of staff and head of the policy unit. In rugby, too, the loss of players and the rotation of substitutes is part of the roiling tempo of the game. To the fore has come another team of loyalists to spearhead the fightback. Andrew Griffith, one of those, has been made the new head of the policy unit.

Those who have worked closest with Mr Johnson know that his character can never change. As Malcolm Rifkind, a former UK foreign secretary, said last week, Mr Johnson is a complex figure who came to the job fully formed. Mr Rifkind noted his intelligence and that he not only reads books deeply but writes them.

With great talent can also come a belief that everything will fall into place by its own volition. When Mr Johnson was getting married for a second time in the 1990s in Brussels, he remembered on the morning of the wedding he had not got the legal paperwork from his first divorce.

UK Prime Minister Boris Johnson spars with Labour Party leader Keir Starmer in Parliament last month. AFP
UK Prime Minister Boris Johnson spars with Labour Party leader Keir Starmer in Parliament last month. AFP
Boris Johnson will be thinking that his side is still in the game as long as it is still defending against all onslaughts

A call to an associate working early morning in London’s Canary Wharf area was made. This triggered a trip across town to Westminster Town Hall to retrieve the document, which was then faxed to Mr Johnson at Brussels city hall to allow the marriage to proceed that morning. When bureaucrats complain that there is no process in Mr Johnson’s administration, they would do well to remember this basic letdown.

In approaching each day, what is important to Mr Johnson is a set of tactical operational drivers. His jibe against UK Leader of the Opposition Keir Starmer last week about failing to prosecute the child abuser Jimmy Savile during the latter’s time as director of public prosecutions seems to have been a "dead cat". By throwing the false claim out there and leaving it by not apologising, Mr Johnson ensured there was a talking point outside serious allegations of the police looking at lockdown parties in Downing Street during the pandemic.

The move backfired when a member of staff who has worked with him for 13 years, Munira Mirza, quit. Mr Johnson’s reaction was to flood the news cycle with more bad news for himself. Clearing the decks is another Johnson tactic from the playbook. When someone walks out on him, there will be a shrug and a cry of "Next!".

Like the certainty that there will be an allusion to ancient Greece or a cartoon character in his speeches, it is a given that Mr Johnson is ruthless and is never going to give up. In calling on heroic qualities hour by hour, he has no other tools left to use. Tempers around him are frayed. Many of those who will decide on his future, both the exiting staff in Downing Street with more stories to tell and the MPs who get to vote on his leadership, do not share his tribal impulses. Bureaucratic process and scientific management tools are the antithesis of how Mr Johnson operates.

Halting the onslaught and regaining ground are looking ever more beyond his energies.

The finalists

Player of the Century, 2001-2020: Cristiano Ronaldo (Juventus), Lionel Messi (Barcelona), Mohamed Salah (Liverpool), Ronaldinho

Coach of the Century, 2001-2020: Pep Guardiola (Manchester City), Jose Mourinho (Tottenham Hotspur), Zinedine Zidane (Real Madrid), Sir Alex Ferguson

Club of the Century, 2001-2020: Al Ahly (Egypt), Bayern Munich (Germany), Barcelona (Spain), Real Madrid (Spain)

Player of the Year: Cristiano Ronaldo, Lionel Messi, Robert Lewandowski (Bayern Munich)

Club of the Year: Bayern Munich, Liverpool, Real Madrid

Coach of the Year: Gian Piero Gasperini (Atalanta), Hans-Dieter Flick (Bayern Munich), Jurgen Klopp (Liverpool)

Agent of the Century, 2001-2020: Giovanni Branchini, Jorge Mendes, Mino Raiola

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TOUR RESULTS AND FIXTURES

June 3: NZ Provincial Barbarians 7 Lions 13
June 7: Blues 22 Lions 16
June 10: Crusaders 3 Lions 12
June 13: Highlanders 23 Lions 22
June 17: Maori All Blacks 10 Lions 32
June 20: Chiefs 6 Lions 34
June 24: New Zealand 30 Lions 15 (First Test)
June 27: Hurricanes 31 Lions 31
July 1: New Zealand 21 Lions 24 (Second Test)
July 8: New Zealand v Lions (Third Test) - kick-off 11.30am (UAE)

How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

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Profile of Tarabut Gateway

Founder: Abdulla Almoayed

Based: UAE

Founded: 2017

Number of employees: 35

Sector: FinTech

Raised: $13 million

Backers: Berlin-based venture capital company Target Global, Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad’a Investment.

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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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Updated: February 07, 2022, 4:00 AM