Delegates attend the Conservative party conference in Birmingham, England, on Monday. The party returned to opposition in July after 14 years in power. Getty
Delegates attend the Conservative party conference in Birmingham, England, on Monday. The party returned to opposition in July after 14 years in power. Getty
Delegates attend the Conservative party conference in Birmingham, England, on Monday. The party returned to opposition in July after 14 years in power. Getty
Delegates attend the Conservative party conference in Birmingham, England, on Monday. The party returned to opposition in July after 14 years in power. Getty


Derailed Conservatives are trying to get back on track


  • English
  • Arabic

October 01, 2024

For a taster of what losing power represents in the UK, the rail journey from London is a good measure.

Crowds assembled at train stations last week to go to Liverpool for the governing Labour party’s conference were reminiscent of spectators queuing up at turnstiles to attend a Premier League game. On the other hand, as I made my way to the station to get on a train to Birmingham for the Conservative party convention, I was the third passenger through with no sign of a stampede behind me.

In part this is because after 14 years in power, the Tory party is exhausted and has lost its way. There is also a huge dollop of truth in the observation that its ongoing leadership battle is providing few signs that it will be able to handle a conversation with the country any time soon.

Conservative leadership candidate Kemi Badenoch is offering a root-and-branch clear-out of the party’s direction. AFP
Conservative leadership candidate Kemi Badenoch is offering a root-and-branch clear-out of the party’s direction. AFP

The elephant in the room in Birmingham is that if the Conservatives make a bad choice, they may not even hold on to the role of main challenger to Labour when the next general election approaches in five years’ time. The most despairing Tory fears that the hard-right Reform UK party could seize on the volatile electorate to displace many more Conservatives next time.

No party would be happier about this than Labour. It won the best part of 400 out of the 650 seats after bagging just one third of the total votes. With almost a quarter of the vote share, the Tories were punished and ended up with just 119 seats.

This fragile ledge is not a comfortable place for an electoral beast that regards itself as the party of government. Add in the unknowable and intangible pressure to come from Reform UK and it is no surprise the party is shaken to its core.

It has a wide choice of roads to recovery on offer from the four candidates vying to become the new leader. Rishi Sunak, who is in his mid-forties and was prime minister until July, isn’t even making a proper speech. Instead, he is allowing space for the beauty parade to succeed him.

An attendee with a 'Vote Kemi' bag at the Conservatives' conference on Monday. Members know the party's next leader is unlikely to lead them back to Downing Street. Bloomberg
An attendee with a 'Vote Kemi' bag at the Conservatives' conference on Monday. Members know the party's next leader is unlikely to lead them back to Downing Street. Bloomberg

Members will be acutely aware that the man or woman chosen when the vote comes will not, in all likelihood, lead them back to Downing Street. The last three leaders to go from opposition back into power – Tony Blair, David Cameron and Keir Starmer – were not even MPs when their parties first lost power. A churn was under way in both parties until the right policies and personalities could be assembled.

This does not mean a total clear-out and reinvention are what the electorate wants. For example, in the government that took power in July, Ed Miliband and Douglas Alexander were given important ministerial posts they had held before 2010. But it does seem to mean that voters require some kind of purging process that ends up with a completely different image and agenda for running the country.

Tom Tugendhat, one of the four candidates vying to take the reins of the party, has made the point that he did not occupy any of the high-profile ministerial berths that at least two of the other candidates in the race have enjoyed. Yet he is the conventional candidate with the centrist prospectus.

James Cleverly is certainly the most experienced candidate, having held the big-beast jobs of home secretary and foreign secretary in the last government. Mr Cleverly’s main offer is to be a unifying leader who appeals to all wings of the degraded party.

The most despairing Tory fears that the hard-right Reform UK party could seize on the volatile electorate to displace many more Conservatives next time

Kemi Badenoch, also a former cabinet minister, was trade secretary in the previous government. She is the most challenging of candidates because she offers a root-and-branch clear-out of the party’s direction as a political force. Not one to tread lightly, she says she is the one that the party has been waiting for to take it to a new future.

The frontrunner, according to the press, is hardliner-in-chief Robert Jenrick, who is from the same tier as Mr Tugendhat. Mr Jenrick was migration minister while Mr Tugendhat was security minister. Both those jobs are still fundamental to their campaigns. Mr Jenrick quit well in advance of the election, something that gave him a launchpad to appeal to the grassroots.

The radical anti-migration policies he offers would certainly help shoot the fox that Nigel Farage’s Reform UK represents in British politics. By quitting the European Convention on Human Rights, Mr Jenrick would represent a radical alternative to Prime Minister Keir Starmer, who is a human rights lawyer.

It is Ms Badenoch’s campaign that offers the closest insight to the real pressure on the Conservatives over the coming years. This will not be on the developments in the Middle East as war stalks a number of countries (although Ms Badenoch will have plenty to say on this). When she talks of Elon Musk as a champion of free speech, she takes on the role of the true radical at the heart of the political system.

On Sunday, she spoke of how the entitlement to maternity pay had “gone too far” in the UK. It was striking that such a statement would come from a woman who has a young family and is known for taking time out of her working diary to be away with her children. While she partly retracted the pay comments, she doubled down on her position that government shouldn’t be interfering in people’s lives.

Undoubtedly her comments could help gather support from small businesses. But the true impact of her candidacy could be deeper, with Ms Badenoch also reflecting some of the far-right arguments that circulate most notably on Mr Musk’s X platform.

If the Conservatives want to step on the path that political impresarios from former US president Donald Trump to Hungarian Prime Minister Viktor Orban and many others in between have mounted, Birmingham is the place where Ms Badenoch must make her mark.

The%20Sandman
%3Cp%3ECreators%3A%20Neil%20Gaiman%2C%20David%20Goyer%2C%20Allan%20Heinberg%3C%2Fp%3E%0A%3Cp%3EStars%3A%20Tom%20Sturridge%2C%20Boyd%20Holbrook%2C%20Jenna%20Coleman%20and%20Gwendoline%20Christie%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

How to get there

Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
 

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

LA LIGA FIXTURES

Saturday (All UAE kick-off times)

Valencia v Atletico Madrid (midnight)

Mallorca v Alaves (4pm)

Barcelona v Getafe (7pm)

Villarreal v Levante (9.30pm)

Sunday

Granada v Real Volladolid (midnight)

Sevilla v Espanyol (3pm)

Leganes v Real Betis (5pm)

Eibar v Real Sociedad (7pm)

Athletic Bilbao v Osasuna (9.30pm)

Monday

Real Madrid v Celta Vigo (midnight)

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 

Heather, the Totality
Matthew Weiner,
Canongate 

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

THE%C2%A0SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.4-litre%20four-cylinder%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20210hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Starting%20from%20Dh89%2C900%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Ovasave%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20November%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Majd%20Abu%20Zant%20and%20Torkia%20Mahloul%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Healthtech%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%20Three%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-seed%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20%24400%2C000%3C%2Fp%3E%0A
Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

Why seagrass matters
  • Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
  • Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
  • Biodiversity: Support species like sea turtles, dugongs, and seabirds
  • Coastal protection: Reduce erosion and improve water quality
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E3.0%20twin-turbo%20inline%20six-cylinder%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3Eeight-speed%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E503hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E600Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh400%2C000%20(estimate)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
Indoor cricket World Cup:
Insportz, Dubai, September 16-23

UAE fixtures:
Men

Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final

Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final

UAE currency: the story behind the money in your pockets
Key developments

All times UTC 4

Mental%20health%20support%20in%20the%20UAE
%3Cp%3E%E2%97%8F%20Estijaba%20helpline%3A%208001717%3Cbr%3E%E2%97%8F%20UAE%20Ministry%20of%20Health%20and%20Prevention%20hotline%3A%20045192519%3Cbr%3E%E2%97%8F%20UAE%20Mental%20health%20support%20line%3A%20800%204673%20(Hope)%3Cbr%3EMore%20information%20at%20hope.hw.gov.ae%3C%2Fp%3E%0A
The Cairo Statement

 1: Commit to countering all types of terrorism and extremism in all their manifestations

2: Denounce violence and the rhetoric of hatred

3: Adhere to the full compliance with the Riyadh accord of 2014 and the subsequent meeting and executive procedures approved in 2014 by the GCC  

4: Comply with all recommendations of the Summit between the US and Muslim countries held in May 2017 in Saudi Arabia.

5: Refrain from interfering in the internal affairs of countries and of supporting rogue entities.

6: Carry out the responsibility of all the countries with the international community to counter all manifestations of extremism and terrorism that threaten international peace and security

Updated: October 03, 2024, 10:46 AM