It was raining on one of my recent morning dog walks along the beach. On days like this on the south coast of England, I’m often walking alone through the rain.
I could see two fishermen sheltering in a tent while watching their rods for signs that mackerel were taking their bait. Then, as the rain eased, I saw a man and a woman, middle-aged, wrapped up against the weather, bending down. They were walking steadily along the pebbles, picking up litter and putting it into two buckets.
In truth, there isn’t much litter here. Local people — my neighbours — are careful about keeping the beach clean, although at the high water mark there are sometimes plastic bottles or food packaging washed up by the tide. Litter volunteers turn up at weekends and while they don’t enjoy cleaning up other people’s mess, they do like to give something back to the community, and do a little good for planet Earth. It’s a cheering sight — even in the rain — in difficult and often distrustful times.
Last year, the British Office for National Statistics reported on who British people trust — and who they don’t. The good news is that “three-quarters of the UK population reported that they are trusting of most other people, higher than the average among OECD countries who participated in the survey (67 per cent)”.
The bad news is that only around a third (35 per cent) of the UK population trust the British government. This was markedly lower than the average across the OECD countries (41 per cent).
Just about half (49 per cent) of the population said they did not trust the Westminster government at all, although some key British public institutions were trusted. The National Health Service was most trusted (80 per cent), followed by the courts and legal system (68 per cent). High levels of trust in our fellow citizens and in institutions that try to keep us healthy and safe is clearly good news. And while very low trust in the British government is disappointing it’s not surprising.
We are two weeks away from local elections across most of England and they may reflect our political unease. As I returned home from the beach, a car pulled up beside me. The driver was a local woman who campaigns on environmental issues for the Green party. The Greens have been campaigning hard in coastal areas like this against sewage being dumped in the sea. The Green campaigner said they were hopeful of picking up council seats from the Conservatives, who for years have run the local council.
We are two weeks away from local elections across most of England and they may reflect our political unease
All the main opposition parties seem confident that after 13 years of Conservative governments, people want a change. Council elections are of course local. But national issues, including the cost of living crisis, the failures of Brexit and the constant grinding strikes affecting everything from schools to the health service and transport colour the national mood. It’s sour.
Conservative activists are nervous. Some government MPs have even cut the word “Conservative” from their social media accounts, which is hardly a sign of confidence in their party. Labour appears to be polling significantly ahead — around 20 per cent above the Conservatives — and these elections will be the biggest test of English public opinion until prime minister Rishi Sunak calls a general election, expected in October 2024.
Mr Sunak desperately needs a boost. His meeting with US President Joe Biden was — to put it politely — not a success. Conservative-supporting British newspapers attacked the US president for favouring Ireland in the post-Brexit disputes that have paralysed politics in Northern Ireland, but it is Mr Sunak who is in trouble. His “special relationship” with the US looks special only in being especially poor. Having alienated much of the EU and now being disdainful towards a US president is an odd strategy for supposedly “Global Britain”.
Besides, Mr Sunak owes his job as prime minister not to the British public voting for him, and not even to support from Conservative party members. He became leader only after the shambolic time of Boris Johnson and Liz Truss. Conservative MPs stepped in to put Mr Sunak in the top job to try to calm things down. In that he has been largely successful. But democratic politics is often not about voting for someone you like, but voting to keep those you don’t like out of power.
The slogan “Turn the Rascals Out” was famously used in the US in the 1870s by those tired of political scandals and corruption. It may well be the story of England in these local elections and across all of the UK in the 2024 general election.
When I watched those local volunteers cleaning up our beach in the rain, I did wonder about the little battalions of carers, health workers, teachers, railway workers, junior doctors and all those decent and helpful people who work hard, pay their taxes and trust their neighbours but who are enduring hard times and who do not trust our government. What would make them change their distrust?
Maybe the answer will be for them to change the government itself.
Easter%20Sunday
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Past winners of the Abu Dhabi Grand Prix
2016 Lewis Hamilton (Mercedes-GP)
2015 Nico Rosberg (Mercedes-GP)
2014 Lewis Hamilton (Mercedes-GP)
2013 Sebastian Vettel (Red Bull Racing)
2012 Kimi Raikkonen (Lotus)
2011 Lewis Hamilton (McLaren)
2010 Sebastian Vettel (Red Bull Racing)
2009 Sebastian Vettel (Red Bull Racing)
'The Ice Road'
Director: Jonathan Hensleigh
Stars: Liam Neeson, Amber Midthunder, Laurence Fishburne
2/5
Pox that threatens the Middle East's native species
Camelpox
Caused by a virus related to the one that causes human smallpox, camelpox typically causes fever, swelling of lymph nodes and skin lesions in camels aged over three, but the animal usually recovers after a month or so. Younger animals may develop a more acute form that causes internal lesions and diarrhoea, and is often fatal, especially when secondary infections result. It is found across the Middle East as well as in parts of Asia, Africa, Russia and India.
Falconpox
Falconpox can cause a variety of types of lesions, which can affect, for example, the eyelids, feet and the areas above and below the beak. It is a problem among captive falcons and is one of many types of avian pox or avipox diseases that together affect dozens of bird species across the world. Among the other forms are pigeonpox, turkeypox, starlingpox and canarypox. Avipox viruses are spread by mosquitoes and direct bird-to-bird contact.
Houbarapox
Houbarapox is, like falconpox, one of the many forms of avipox diseases. It exists in various forms, with a type that causes skin lesions being least likely to result in death. Other forms cause more severe lesions, including internal lesions, and are more likely to kill the bird, often because secondary infections develop. This summer the CVRL reported an outbreak of pox in houbaras after rains in spring led to an increase in mosquito numbers.
The specs
Engine: 5.0-litre supercharged V8
Transmission: Eight-speed auto
Power: 575bhp
Torque: 700Nm
Price: Dh554,000
On sale: now
Company%20Profile
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Racecard
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England Test squad
Joe Root (captain), Moeen Ali, James Anderson, Jonny Bairstow (wicketkeeper), Stuart Broad, Jos Buttler, Alastair Cook, Sam Curran, Keaton Jennings, Dawid Malan, Jamie Porter, Adil Rashid, Ben Stokes.
UK%20record%20temperature
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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
SUNDAY'S ABU DHABI T10 MATCHES
Northern Warriors v Team Abu Dhabi, 3.30pm
Bangla Tigers v Karnataka Tuskers, 5.45pm
Qalandars v Maratha Arabians, 8pm
SPECS
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65
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Avengers: Endgame
Directors: Anthony Russo, Joe Russo
Starring: Robert Downey Jr, Chris Evans, Scarlett Johansson, Chris Hemsworth, Josh Brolin
4/5 stars
UAE currency: the story behind the money in your pockets
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.”