The writings of ancient Greek dramatists and philosophers more than two millennia ago can often sum up just about every predicament facing the modern world. The phrase which comes to mind when surveying the bizarre landscape of British politics this Christmas is very glum. It is: “Those whom the gods wish to destroy, first they make mad.”
For the ancient Greeks the phrase was applied to individuals, but right now it sums up an even more peculiar political drama at the heart of the British Conservative party.
Some of them seem determined to unseat yet another of their own tribe, the Conservative Prime Minister Rishi Sunak. That’s because his action on migration has failed, at least so far. Instead there have been increasingly desperate attempts to deport asylum seekers who turn up in small boats on British beaches.
The Sunak plan involves sending them to the African country of Rwanda, and it has been rejected by British courts as unlawful. Even so, the failed plan has cost British taxpayers tens of millions of pounds, without a single successful deportation of anyone to Rwanda. The joke at Westminster is that more British government ministers have been flown to the Rwandan capital Kigali than deported migrants, but the undermining of yet another Conservative prime minister by his own MPs is not a joke.
It could lead to a leadership challenge early in 2024, an election year. The current turmoil therefore could mean Britain having its sixth Conservative prime minister since the Brexit vote of 2016.
But before we get to the issues of the collective chaos in the party that has been in power at Westminster for the past 13 years, we need to understand a little of the complex migration issue. The decision of the UK to leave the EU was partly motivated by some voters resenting the free movement of European workers into Britain. Many were seasonal labourers. Some picked apples in Kent or cabbages in Norfolk, or they filled jobs in social care that were unattractive to British workers. Or they were skilled workers and students who came to the UK for a taste of British life. But when Brexit happened, many EU workers and students found the bureaucracy involved in coming to the UK difficult to negotiate.
The Sunak government created a powerful issue by claiming they would somehow “Stop The Boats.” They haven’t
The demand from employers to fill skill shortages and job vacancies did not change, however. Instead of EU workers, the vacancies have subsequently often been filled by a massive influx of non-European workers, including tens of thousands from India and west Africa.
Legal net migration figures have hit record highs of around 700,000. Voters who resent migration have continued to be resentful at this political failure. Cue shock and horror in British newspapers and Westminster.
Instead of Brexit decreasing the number of migrants, it appears to have contributed to their increase. The political issue trumpeted so loudly by Conservative ministers and MPs, has clearly not been “solved” by Brexit or anything else. Government ministers have no one else to blame but themselves, although they have tried. They criticise British courts even though the role of judges and lawyers has largely been confined to a tiny part of this mess.
That role concerns the relatively small number of asylum seekers coming on those small boats from France.
Instead of placing this rather sad traffic by criminal gangs in its proper perspective, the Sunak government created a really powerful issue by claiming they would somehow “Stop The Boats.” They haven’t. The weather, always cold and with rough seas in December, has stopped some boats. But government policy – to send boat people to Rwanda – does not seem to have achieved much except in making headlines, making work for lawyers and the courts, and stoking resentment about an unsolved issue.
The courts have prevented deportations on the basis that Rwanda is not a safe country. It has – to be polite – historically a mixed record on human rights. Mr Sunak’s response has been to argue that the House of Commons should simply declare Rwanda to be safe. Even some prominent Conservatives have suggested that this is itself mad.
It's like the British parliament declaring that dogs are cats. But the chaos continues. A large section of the Conservative party appears to be considering whether or not to get rid of Mr Sunak and finding another suitable – or unsuitable, depending on your views – leader to take them into next year’s general election.
Rivals are jockeying for position. Backbench Conservatives are frustrated and unhappy. Again. They undermined Theresa May, then got rid of Boris Johnson. They selected Liz Truss as prime minister and she lasted seven weeks before they got rid of her too. Now it may be Rishi Sunak’s turn. To lose one prime minister is unfortunate. To lose two is careless. To lose five since 2016 would truly be madness, and a bizarre exercise in political blood letting worthy of the dramatic tragedies of the ancient Greeks.
BEACH SOCCER WORLD CUP
Group A
Paraguay
Japan
Switzerland
USA
Group B
Uruguay
Mexico
Italy
Tahiti
Group C
Belarus
UAE
Senegal
Russia
Group D
Brazil
Oman
Portugal
Nigeria
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Fuel consumption: 6.9L/100km
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Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
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KEY HIGHLIGHTS
Healthcare spending to double to $2.2 trillion rupees
Launched a 641billion-rupee federal health scheme
Allotted 200 billion rupees for the recapitalisation of state-run banks
Around 1.75 trillion rupees allotted for privatisation and stake sales in state-owned assets
Hales' batting career
Tests 11; Runs 573; 100s 0; 50s 5; Avg 27.38; Best 94
ODIs 58; Runs 1,957; 100s 5; 50s 11; Avg 36.24; Best 171
T20s 52; Runs 1,456; 100s 1; 50s 7; Avg 31.65; Best 116 not out
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
'Operation Mincemeat'
Director: John Madden
Cast: Colin Firth, Matthew Macfayden, Kelly Macdonald and Penelope Wilton
Rating: 4/5
Persuasion
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Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
COMPANY%20PROFILE
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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
What is Folia?
Prince Khaled bin Alwaleed bin Talal's new plant-based menu will launch at Four Seasons hotels in Dubai this November. A desire to cater to people looking for clean, healthy meals beyond green salad is what inspired Prince Khaled and American celebrity chef Matthew Kenney to create Folia. The word means "from the leaves" in Latin, and the exclusive menu offers fine plant-based cuisine across Four Seasons properties in Los Angeles, Bahrain and, soon, Dubai.
Kenney specialises in vegan cuisine and is the founder of Plant Food Wine and 20 other restaurants worldwide. "I’ve always appreciated Matthew’s work," says the Saudi royal. "He has a singular culinary talent and his approach to plant-based dining is prescient and unrivalled. I was a fan of his long before we established our professional relationship."
Folia first launched at The Four Seasons Hotel Los Angeles at Beverly Hills in July 2018. It is available at the poolside Cabana Restaurant and for in-room dining across the property, as well as in its private event space. The food is vibrant and colourful, full of fresh dishes such as the hearts of palm ceviche with California fruit, vegetables and edible flowers; green hearb tacos filled with roasted squash and king oyster barbacoa; and a savoury coconut cream pie with macadamia crust.
In March 2019, the Folia menu reached Gulf shores, as it was introduced at the Four Seasons Hotel Bahrain Bay, where it is served at the Bay View Lounge. Next, on Tuesday, November 1 – also known as World Vegan Day – it will come to the UAE, to the Four Seasons Resort Dubai at Jumeirah Beach and the Four Seasons DIFC, both properties Prince Khaled has spent "considerable time at and love".
There are also plans to take Folia to several more locations throughout the Middle East and Europe.
While health-conscious diners will be attracted to the concept, Prince Khaled is careful to stress Folia is "not meant for a specific subset of customers. It is meant for everyone who wants a culinary experience without the negative impact that eating out so often comes with."