Former British Prime Ministers Liz Truss and Boris Johnson at the National Service of Remembrance at The Cenotaph, in London, on November 13, 2022. Reuters
Former British Prime Ministers Liz Truss and Boris Johnson at the National Service of Remembrance at The Cenotaph, in London, on November 13, 2022. Reuters
Former British Prime Ministers Liz Truss and Boris Johnson at the National Service of Remembrance at The Cenotaph, in London, on November 13, 2022. Reuters
Former British Prime Ministers Liz Truss and Boris Johnson at the National Service of Remembrance at The Cenotaph, in London, on November 13, 2022. Reuters


Should a failed prime minister be able to nominate people for the honours list?


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  • Arabic

January 03, 2024

I always make the same mistake. At this time of year, looking forward to the year ahead, I allow hope for the future to triumph over past experiences.

For example, I often hope that a new year means new thinking. Will this be the year when British politicians of all parties demand serious reform of the British system of government? Why? Because it doesn’t work. The failures are increasingly obvious year after year. Yet beyond talk, nothing much is ever done.

Nevertheless, in 2024 I am still hopeful – or perhaps deluded – once more. For the past six months, I have travelled all around the UK to discuss my new book on how to improve the British system to make politics fairer and government better. Audiences are hugely encouraging, at least in confirming evidence of a failing system that needs to change.

This week, that evidence has been confirmed by the appointment of new members to the British House of Lords by Liz Truss. She is our record-breaking prime minister – record-breaking in the sense that she was in Downing Street for the shortest period in British history, a mere 49 days. Ms Truss cratered the British economy and then was unceremoniously dumped by her fellow Conservative MPs. Yet under the antiquated British “system”, a failed prime minister is permitted an “honours list” to reward friends, advisers, donors or anyone else she chooses.

Those sent to the House of Lords are unelected and yet can make British laws for the rest of their lives. It’s a crazy system, although I should add that I know some members of the House of Lords personally and rate many of them highly. About 200-300 peers work hard and are an important check on the government and the House of Commons. But there are 800 Lords in total. Some are – frankly – useless. Thankfully, most of the useless ones rarely attend the House. But the House of Lords has become a prime ministerial dustbin into which a leader may place rivals, failed MPs, donors and old friends.

If Labour wins the 2024 general election, however, they may put Lords reform into action as part of their reinvention of government.

Labour’s constitutional reforms began in the 1990s but ran out of steam. Prime minister Tony Blair then moved on to issues voters care more deeply about. The result is that the half-reformed Lords is the world’s most peculiar national legislature.

Only Iran and Britain, for example, permit officers of the state religion to be in parliament by right. There are two dozen Church of England bishops in the Lords. Bishops tend to be good people, but so are millions of other Britons of other religions, or of no religion.

Britain also still has around 100 “hereditary” Lords as lawmakers. Why? Well, it’s a tradition. But we also had a tradition of burning witches at the stake, and in Victorian times a tradition of sending schoolchildren up chimneys to clean them. Being traditional doesn’t make something right, useful or sensible.

One further weird British tradition is that in our democracy, we never know when we may have a general election. The prime minister decides. That means Rishi Sunak will choose to go to the polls in March or May or October or even later – but only when he thinks his party has the greatest chance of winning. This too is part of a ludicrous system, although opinion polls suggest that whatever date Mr Sunak chooses, he may still lose. Labour has had a consistent poll lead for months.

So will Labour really bring about systemic change to a political system that Labour politicians generally accept is failing? Perhaps. But those same politicians also understand that the big issue for voters is almost never constitutional reform. It’s the cost of living, the economy, health care, education, transport and other public services.

A future Labour prime minister may look at the antiquated parts of the British political system and decide that our constitutional peculiarities are indeed bad for democracy. But that future prime minister will also be aware that those constitutional peculiarities are useful for himself or herself.

Senior civil servants have often told me that new prime ministers soon realise that they could spend time getting rid of the bizarre traditions and peculiarities of the system but eventually lose interest especially if voters don’t seem to care.

Recently, a senior Labour MP agreed with me that constitutional reform was necessary but – with commendable honesty – told me that it was unlikely to be a priority for a new Labour government because such reforms were not a priority for the British people. “Why should we spend time doing something the British people are not demanding that we do?” the MP asked me. “Because it is the right thing to do,” I responded.

We both laughed. But the serial failures of British politics in the past decade are no laughing matter. Reform remains the right thing to do.

Will it happen? Eventually, yes, I hope. But in 2024? Don’t hold your breath. Happy New Year!

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IPL 2018 FINAL

Sunrisers Hyderabad 178-6 (20 ovs)
Chennai Super Kings 181-2 (18.3 ovs)

Chennai win by eight wickets

Brown/Black belt finals

3pm: 49kg female: Mayssa Bastos (BRA) v Thamires Aquino (BRA)
3.07pm: 56kg male: Hiago George (BRA) v Carlos Alberto da Silva (BRA)
3.14pm: 55kg female: Amal Amjahid (BEL) v Bianca Basilio (BRA)
3.21pm: 62kg male: Gabriel de Sousa (BRA) v Joao Miyao (BRA)
3.28pm: 62kg female: Beatriz Mesquita (BRA) v Ffion Davies (GBR)
3.35pm: 69kg male: Isaac Doederlein (BRA) v Paulo Miyao (BRA)
3.42pm: 70kg female: Thamara Silva (BRA) v Alessandra Moss (AUS)
3.49pm: 77kg male: Oliver Lovell (GBR) v Tommy Langarkar (NOR)
3.56pm: 85kg male: Faisal Al Ketbi (UAE) v Rudson Mateus Teles (BRA)
4.03pm: 90kg female: Claire-France Thevenon (FRA) v Gabreili Passanha (BRA)
4.10pm: 94kg male: Adam Wardzinski (POL) v Kaynan Duarte (BRA)
4.17pm: 110kg male: Yahia Mansoor Al Hammadi (UAE) v Joao Rocha (BRA

Schedule:

Pakistan v Sri Lanka:
28 Sep-2 Oct, 1st Test, Abu Dhabi
6-10 Oct, 2nd Test (day-night), Dubai
13 Oct, 1st ODI, Dubai
16 Oct, 2nd ODI, Abu Dhabi
18 Oct, 3rd ODI, Abu Dhabi
20 Oct, 4th ODI, Sharjah
23 Oct, 5th ODI, Sharjah
26 Oct, 1st T20I, Abu Dhabi
27 Oct, 2nd T20I, Abu Dhabi
29 Oct, 3rd T20I, Lahore

Global Fungi Facts

• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
• Forest fungi help tackle climate change, absorbing up to 36% of global fossil fuel emissions annually and storing around 5 billion tonnes of carbon in the planet's topsoil

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
The Facility’s Versatility

Between the start of the 2020 IPL on September 20, and the end of the Pakistan Super League this coming Thursday, the Zayed Cricket Stadium has had an unprecedented amount of traffic.
Never before has a ground in this country – or perhaps anywhere in the world – had such a volume of major-match cricket.
And yet scoring has remained high, and Abu Dhabi has seen some classic encounters in every format of the game.
 
October 18, IPL, Kolkata Knight Riders tied with Sunrisers Hyderabad
The two playoff-chasing sides put on 163 apiece, before Kolkata went on to win the Super Over
 
January 8, ODI, UAE beat Ireland by six wickets
A century by CP Rizwan underpinned one of UAE’s greatest ever wins, as they chased 270 to win with an over to spare
 
February 6, T10, Northern Warriors beat Delhi Bulls by eight wickets
The final of the T10 was chiefly memorable for a ferocious over of fast bowling from Fidel Edwards to Nicholas Pooran
 
March 14, Test, Afghanistan beat Zimbabwe by six wickets
Eleven wickets for Rashid Khan, 1,305 runs scored in five days, and a last session finish
 
June 17, PSL, Islamabad United beat Peshawar Zalmi by 15 runs
Usman Khawaja scored a hundred as Islamabad posted the highest score ever by a Pakistan team in T20 cricket

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.”

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Recipe

Garlicky shrimp in olive oil
Gambas Al Ajillo

Preparation time: 5 to 10 minutes

Cooking time: 5 minutes

Serves 4

Ingredients

180ml extra virgin olive oil; 4 to 5 large cloves of garlic, minced or pureed (or 3 to 4 garlic scapes, roughly chopped); 1 or 2 small hot red chillies, dried (or ¼ teaspoon dried red chilli flakes); 400g raw prawns, deveined, heads removed and tails left intact; a generous splash of sweet chilli vinegar; sea salt flakes for seasoning; a small handful of fresh flat-leaf parsley, roughly chopped

Method

Heat the oil in a terracotta dish or frying pan. Once the oil is sizzling hot, add the garlic and chilli, stirring continuously for about 10 seconds until golden and aromatic.

Add a splash of sweet chilli vinegar and as it vigorously simmers, releasing perfumed aromas, add the prawns and cook, stirring a few times.

Once the prawns turn pink, after 1 or 2 minutes of cooking,  remove from the heat and season with sea salt flakes.

Once the prawns are cool enough to eat, scatter with parsley and serve with small forks or toothpicks as the perfect sharing starter. Finish off with crusty bread to soak up all that flavour-infused olive oil.

 

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

While you're here
'Dark Waters'

Directed by: Todd Haynes

Starring: Mark Ruffalo, Anne Hathaway, William Jackson Harper 

Rating: ****

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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

SPEC SHEET

Display: 10.4-inch IPS LCD, 400 nits, toughened glass

CPU: Unisoc T610; Mali G52 GPU

Memory: 4GB

Storage: 64GB, up to 512GB microSD

Camera: 8MP rear, 5MP front

Connectivity: Wi-Fi, Bluetooth 5.0, USB-C, 3.5mm audio

Battery: 8200mAh, up to 10 hours video

Platform: Android 11

Audio: Stereo speakers, 2 mics

Durability: IP52

Biometrics: Face unlock

Price: Dh849

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Updated: January 03, 2024, 7:00 AM