Passengers wait at London Stansted Airport on September 29 after hundreds of UK flights were delayed by a technical issue. AFP
Passengers wait at London Stansted Airport on September 29 after hundreds of UK flights were delayed by a technical issue. AFP
Passengers wait at London Stansted Airport on September 29 after hundreds of UK flights were delayed by a technical issue. AFP
Passengers wait at London Stansted Airport on September 29 after hundreds of UK flights were delayed by a technical issue. AFP


We're seeing a collision between two Britains


  • English
  • Arabic

September 06, 2023

I’m visiting a small and lovely Scottish town most people in Britain could not find on a map, or even spell or pronounce its name. It is Kirkcudbright (Kirk – oo – bree). I’m here for a festival of arts, books, talks and fun.

The sun is sparkling on the River Dee flowing through the town into the Irish Sea. The 725-kilometre drive from my home on the south coast of England took nine hours and ran across half the UK. But two things struck me as I listened to the car radio on the journey.

First, that I am lucky to live in such a beautiful, diverse, extraordinary country. I drove from the coast towards our greatest city, London, north past Birmingham and Manchester to the green hills and sheep pastures of the Lake District then over the Scottish border to a town that is full of history.

Kirkcudbright has an old baronial castle, three churches, a harbour and pretty streets with gardens full of flowers. The events at the festival are cheerful and positive, attended by people who want to take part in discussions, lectures, music and other events. Yet in all this glorious sunshine there is another side to the story.

So much of Britain just isn’t working. The news on the car radio on my long drive northwards was depressing. It was full of reports about the failure of the British air traffic control system, which ruined tens of thousands of holidays and travel plans in late August, including mine and those of my family. Our flights were cancelled from France at short notice. We were forced to take a difficult journey by road, rail and then a cross-Channel ferry to get home.

Stationary trains at Clapham Junction Station, London, during industrial action by rail staff. PA
Stationary trains at Clapham Junction Station, London, during industrial action by rail staff. PA
Despite our problems, the UK remains a brainy, problem-solving country of 68 million diverse people

Once back in England, the unrelenting bad news continued. There were rail strikes by train drivers and other staff. The rail pay disputes have gone on for months without any significant progress. It meant that no trains were running reliably to Scotland from the south of England.

Then there was shocking news of problems with potentially failing concrete structures in some of England’s school buildings. As schools prepared to return from their summer holidays, headteachers in more than 100 were forced to consider closing classrooms which potentially could collapse. They had only a few days to make alternative plans.

The next news item was that for the first time in British history, both senior and junior National Health Service doctors were all going on co-ordinated strikes to protest against their pay not being raised to keep pace with inflation.

Listening to the news, what struck me most was the collision between these two Britains. One is the beautiful country that I admire and love and which is full of talented people. The other is a country that simply doesn’t work very well. And there is an irony for me at least: the reason I have come to Kirkcudbright is to discuss my new book that is published this month, Britain Is Better Than This. The book is itself an attempt to get to the bottom of why such a wonderful country is failing us all.

The good news is that despite our problems, the UK remains a brainy, problem-solving country of 68 million diverse people. To borrow the name of a popular TV show, Britain has clearly got talent. And yet day after day, we are confronted by the problems I’ve listed and more – failing institutions, a government that has lost its way, and an underperforming economy with an overwhelming sense of national malaise.

Despite our problems, the UK remains a brainy, problem-solving country of 68 million diverse people. Bloomberg
Despite our problems, the UK remains a brainy, problem-solving country of 68 million diverse people. Bloomberg

I listened to the thoughts of audiences here in Kirkcudbright. Some were in favour of Scottish independence. Others – probably most – simply want Britain to work better. One man wondered if the reason we often have so many useless politicians is that we pay them too little. Others felt the political system was so unattractive that many of us do not vote, or that the governments in London and Edinburgh were in different ways too remote from ordinary people.

As always with a British audience, I ended cheered up and optimistic. Most of us, whatever our views or our politics, want to solve problems – not create them.

Everyone in our discussions behaved respectfully towards everyone else. I doubt if this is quite the model of ancient Athenian democracy, but there were plenty of open debates in a public square. What it showed was that we are all concerned about the future for ourselves and our children at a time of economic uncertainty and a war in Europe.

As I walked out into the early evening sunshine from one event, I was hit by a sense of optimism. There is nothing wrong with Britain that cannot be fixed by what is right with Britain. Britain is truly better than this, better than the failures we see so often in our public life. The next step is not just to talk amicably about our problems, it is to start solving them.

We can hope.

Company Profile 

Founder: Omar Onsi

Launched: 2018

Employees: 35

Financing stage: Seed round ($12 million)

Investors: B&Y, Phoenician Funds, M1 Group, Shorooq Partners

Zimbabwe v UAE, ODI series

All matches at the Harare Sports Club:

1st ODI, Wednesday, April 10

2nd ODI, Friday, April 12

3rd ODI, Sunday, April 14

4th ODI, Tuesday, April 16

UAE squad: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed

The specs: 2018 Nissan Patrol Nismo

Price: base / as tested: Dh382,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 428hp @ 5,800rpm

Torque: 560Nm @ 3,600rpm

Fuel economy, combined: 12.7L / 100km

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

Company%20profile
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The%20Kitchen
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Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
Mountain%20Boy
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65
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Honeymoonish
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Gulf Under 19s final

Dubai College A 50-12 Dubai College B

Racecard

5.25pm: Etihad Museum – Maiden (TB) Dh82,500 (Turf) 1,200m

6pm: Al Shindaga Museum – Handicap (TB) Dh87,500 (Dirt) 1,200m

6.35pm: Poet Al Oqaili – Handicap (TB) Dh95,000 (T) 1,400m

7.10pm: Majlis Ghurfat Al Sheif – Handicap (TB) Dh87,500 (D) 1,600m

7.45pm: Hatta – Handicap (TB) Dh95,000 (T) 1,400m

8.20pm: Al Fahidi – Rated Conditions (TB) Dh87,500 (D) 2,200m

8.55pm: Zabeel Trophy – Rated Conditions (TB) Dh120,000 (T) 1,600m

9.30pm: Coins Museum – Rated Conditions (TB) Dh95,000 (D) 1,600m

10.05pm: Al Quoz Creative – Handicap (TB) Dh95,000 (T) 1,000m

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

Sweet%20Tooth
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How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

Defending champions

World Series: South Africa
Women’s World Series: Australia
Gulf Men’s League: Dubai Exiles
Gulf Men’s Social: Mediclinic Barrelhouse Warriors
Gulf Vets: Jebel Ali Dragons Veterans
Gulf Women: Dubai Sports City Eagles
Gulf Under 19: British School Al Khubairat
Gulf Under 19 Girls: Dubai Exiles
UAE National Schools: Al Safa School
International Invitational: Speranza 22
International Vets: Joining Jack

Feeding the thousands for iftar

Six industrial scale vats of 500litres each are used to cook the kanji or broth 

Each vat contains kanji or porridge to feed 1,000 people

The rice porridge is poured into a 500ml plastic box

350 plastic tubs are placed in one container trolley

Each aluminium container trolley weighing 300kg is unloaded by a small crane fitted on a truck

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

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2020 Oscars winners: in numbers
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  • Ford v Ferrari – 2
  • Joker – 2
  • Once Upon a Time ... in Hollywood – 2
  • American Factory – 1
  • Bombshell – 1
  • Hair Love – 1
  • Jojo Rabbit – 1
  • Judy – 1
  • Little Women – 1
  • Learning to Skateboard in a Warzone (If You're a Girl) – 1
  • Marriage Story – 1
  • Rocketman – 1
  • The Neighbors' Window – 1
  • Toy Story 4 – 1

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.”

In The Heights

Directed by: Jon M. Chu

Stars: Anthony Ramos, Lin-Manual Miranda

Rating: ****

Updated: September 13, 2023, 7:56 AM