Dominic Cummings has reportedly left his position as special adviser to Britain's Prime Minister Boris Johnson this week. Reuters
Dominic Cummings has reportedly left his position as special adviser to Britain's Prime Minister Boris Johnson this week. Reuters
Dominic Cummings has reportedly left his position as special adviser to Britain's Prime Minister Boris Johnson this week. Reuters
Dominic Cummings has reportedly left his position as special adviser to Britain's Prime Minister Boris Johnson this week. Reuters

Britain’s Brexit clique has fallen as London senses Biden changes the global political weather


  • English
  • Arabic

If Brexit was a pressure cooker, it would have suddenly popped the lid last week.

Politics behind the scenes suddenly sprang into an ugly public feud as British Prime Minister Boris Johnson reportedly lost two of his closest henchmen. What it says is that Mr Johnson has reached a fork in the road and chosen to change tack. It also says that there has been a decisive shift in the global political weather.

Scope for manoeuvre as Britain breaks its nearly five-decade partnership with the European Union has steadily shrank throughout 2020. At the eleventh hour, Mr Johnson could not go on toeing the line of his most zealous advisers. That is not to say that the EU and Britain could fall into a bitter no-deal situation when trade talks reach the end of the road in the coming days.

Most importantly Dominic Cummings, the mercurial Prime Minister's adviser, was reportedly driven out. No one was more central to the promises of a transformational UK leadership in the wake of Brexit than Mr Cummings.

  • Dominic Cummings arrives at 10 Downing Street on Friday morning in London. EPA
    Dominic Cummings arrives at 10 Downing Street on Friday morning in London. EPA
  • Dominic Cummings - Prime Minister Boris Johnson’s controversial chief aide - told the BBC his “position hasn’t changed since my January blog” when he wrote he wanted his role made “largely redundant” by the end of 2020. AFP
    Dominic Cummings - Prime Minister Boris Johnson’s controversial chief aide - told the BBC his “position hasn’t changed since my January blog” when he wrote he wanted his role made “largely redundant” by the end of 2020. AFP
  • Prime Minister Boris Johnson and Dominic Cummings leave 10 Downing Street in October 2019. Getty Images
    Prime Minister Boris Johnson and Dominic Cummings leave 10 Downing Street in October 2019. Getty Images
  • Dominic Cummings looks on as Boris Johnson holds a news conference addressing the government's response to the coronavirus outbreak on March 12, 2020. Getty Images
    Dominic Cummings looks on as Boris Johnson holds a news conference addressing the government's response to the coronavirus outbreak on March 12, 2020. Getty Images
  • Dominic Cummings reminds photographers to maintain social distancing as he leaves his home on May 23, 2020. On March 31st 2020 Downing Street confirmed to journalists that Dominic Cummings was self-isolating with Covid-19 symptoms at his home in North London. Durham police confirmed that he was actually hundreds of miles away at his parent's house in the city. Getty Images
    Dominic Cummings reminds photographers to maintain social distancing as he leaves his home on May 23, 2020. On March 31st 2020 Downing Street confirmed to journalists that Dominic Cummings was self-isolating with Covid-19 symptoms at his home in North London. Durham police confirmed that he was actually hundreds of miles away at his parent's house in the city. Getty Images
  • A protester holds up a placard which reads 'Why are you above the law?' outside the home of Dominic Cummings on May 24, 2020. Getty Images
    A protester holds up a placard which reads 'Why are you above the law?' outside the home of Dominic Cummings on May 24, 2020. Getty Images
  • Two police officers arrive at the home of Dominic Cummings on May 24, 2020. Getty Images
    Two police officers arrive at the home of Dominic Cummings on May 24, 2020. Getty Images
  • A TV screen is installed in the street outside the home of Dominic Cummings on May 24, 2020. Getty Images
    A TV screen is installed in the street outside the home of Dominic Cummings on May 24, 2020. Getty Images
  • Protesters hold a banner which reads 'All animals are equal but some animals are more equal than others' (a quote from George Orwell's Animal Farm) outside the home of Dominic Cummings on May 25, 2020. Getty Images
    Protesters hold a banner which reads 'All animals are equal but some animals are more equal than others' (a quote from George Orwell's Animal Farm) outside the home of Dominic Cummings on May 25, 2020. Getty Images
  • Dominic Cummings makes a statement on his trip to Durham inside 10 Downing Street on May 25, 2020. Getty Images
    Dominic Cummings makes a statement on his trip to Durham inside 10 Downing Street on May 25, 2020. Getty Images
  • A tense Dominic Cummings during his statement inside 10 Downing Street on May 25, 2020. Getty Images
    A tense Dominic Cummings during his statement inside 10 Downing Street on May 25, 2020. Getty Images
  • A sign left by a protester is left near the home of Dominic Cummings. Getty Images
    A sign left by a protester is left near the home of Dominic Cummings. Getty Images
  • A supporter of Dominic Cummings waits for him to leave his home. Getty Images
    A supporter of Dominic Cummings waits for him to leave his home. Getty Images
  • Mr Cummings is the second special adviser to leave Number 10 in the space of a day. Getty Images
    Mr Cummings is the second special adviser to leave Number 10 in the space of a day. Getty Images

In walking with a cardboard box from the lacquered black door of 10 Downing Street, the Prime Minister's residence and office, Mr Cummings added a soap opera feel to the week. The cracks had first emerged when Mr Johnson’s director of communications Lee Cain made a bid for the open position of the chief of staff job in No 10.

Mr Cain could best be described as hard charging, as is his mentor Mr Cummings. He served as Mr Johnson's handler during the campaign for the Brexit referendum in 2016. A depiction of Mr Cummings by Benedict Cumberbach, star of the TV series Sherlock, sealed the legend of the operative as a "Svengali" of the process. Following his rumoured exit, questions swirl over whether Brexit can enter a messy realm of compromise that visionary cannot stomach.

The answer to that will be known when the negotiators finally break up.

There will be a wider impact of the bust-up. Strategic considerations about Britain’s place in the western firmament have suddenly changed.

The election of Joe Biden as the next US president turns the weather for Brexit into an oncoming storm. Mr Biden has long-standing concepts of how the West should hang together to progress its goals and shape the global order. His world view is opposite of that of the current US President, Donald Trump, who credited the Brexit vote in 2016 as a precursor to his own rise to power.

No one can reverse that vote, not even a new American president with his own perspective. Yet that is only a baseline call in 2020.

Joe Biden's US election win is likely to force a rethink across the Atlantic Ocean. AFP
Joe Biden's US election win is likely to force a rethink across the Atlantic Ocean. AFP
To drive out the discordant notes from the centre of power is one thing. To find the positive paths is another

A second Trump term would not have sought the unity of purpose that used to characterise America's relationship with Europe and other close allies. Mr Biden thus offers a very different proposition. The imperative on British policymakers is to recognise that the space for guiding the Brexit project to a new stage has shifted.

It will be incumbent upon London to show that it is ready to keep a platform of unity with the rest of the Europeans.

Aides to Mr Johnson have touted the Prime Minister’s leadership of the G7 and the Cop26 conference in 2021 as proof of a central role for the British leader as Mr Biden takes the reins. Both men adopted the slogan "Build Back Better".

Almost year after his own election victory, Mr Johnson is still grappling with how to deliver on his tagline. In the febrile corridors of Downing Street, senior Conservative figure Bernard Jenkin described events of the week as an "opportunity to reset”. One Conservative newspaper columnist, Fraser Nelson, said simply that the "Vote Leave" clique had “fallen".

Amid all the talk of a reset, however, there is no real vision of what lies on the other side. Mr Jenkin talked of a chance to restore respect, integrity and trust. Mr Nelson talked of an end to psychodrama and bedlam. In Britain – as in America – it seems that the opportunity for government by impulse and radical experimentation has suddenly vanished.

  • A soldier from the Royal Artillery regiment walks past a testing centre at Liverpool's Anfield stadium in Liverpool, Britain. Reuters
    A soldier from the Royal Artillery regiment walks past a testing centre at Liverpool's Anfield stadium in Liverpool, Britain. Reuters
  • A woman walks past autumn foliage in London. Reuters
    A woman walks past autumn foliage in London. Reuters
  • Graffiti supporting the National Health Service in the Bogside area of Derry, Northern Ireland. Bloomberg
    Graffiti supporting the National Health Service in the Bogside area of Derry, Northern Ireland. Bloomberg
  • Socially distance markings on a shop wall in Derry, Northern Ireland. Bloomberg
    Socially distance markings on a shop wall in Derry, Northern Ireland. Bloomberg
  • A man walks across the normally busy Piccadilly Circus in central London. AP Photo
    A man walks across the normally busy Piccadilly Circus in central London. AP Photo
  • Britain's Prime Minister Boris Johnson during a press conference on the coronavirus pandemic at 10 Downing Street in central London. AP Photo
    Britain's Prime Minister Boris Johnson during a press conference on the coronavirus pandemic at 10 Downing Street in central London. AP Photo
  • A man crosses a quiet street filled with Christmas lights in central London. AP Photo
    A man crosses a quiet street filled with Christmas lights in central London. AP Photo
  • Police patrol in central Cardiff, Wales. AP Photo
    Police patrol in central Cardiff, Wales. AP Photo

The coronavirus pandemic amounts to the other big pressure on the system. Even after the 15 per cent jump in GDP in the third quarter, the British economy was 10 per cent below the high water mark set before lockdown.

Mr Cummings and his clique were suspected to hold a tantalising thought that the slump was already so big that people would not feel the effects of another big drop induced by a Brexit that severed European trade links. But that was always an experiment that no sensible government could unleash.

That said, to drive out the discordant notes from the centre of power is one thing. To find the positive paths is another.

Mr Johnson can still change the shape of his government to respond to the turning winds. It would be a move to preserve and repair his position. It would also set the tone for 2021, almost as much as Mr Biden’s inauguration.

Damien McElroy is the London bureau chief of The National

Company Profile

Name: JustClean

Based: Kuwait with offices in other GCC countries

Launch year: 2016

Number of employees: 130

Sector: online laundry service

Funding: $12.9m from Kuwait-based Faith Capital Holding

Manikarnika: The Queen of Jhansi

Director: Kangana Ranaut, Krish Jagarlamudi

Producer: Zee Studios, Kamal Jain

Cast: Kangana Ranaut, Ankita Lokhande, Danny Denzongpa, Atul Kulkarni

Rating: 2.5/5

'Saand Ki Aankh'

Produced by: Reliance Entertainment with Chalk and Cheese Films
Director: Tushar Hiranandani
Cast: Taapsee Pannu, Bhumi Pednekar, Prakash Jha, Vineet Singh
Rating: 3.5/5 stars

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

Glossary of a stock market revolution

Reddit

A discussion website

Redditor

The users of Reddit

Robinhood

A smartphone app for buying and selling shares

Short seller

Selling a stock today in the belief its price will fall in the future

Short squeeze

Traders forced to buy a stock they are shorting 

Naked short

An illegal practice  

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

QUARTER-FINAL

Wales 20-19 France

Wales: T: Wainwright, Moriarty. Cons: Biggar (2) Pens: Biggar 2

France: T: Vahaamahina, Ollivon, Vakatawa Cons: Ntamack (2)

Kandahar%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Ric%20Roman%20Waugh%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%C2%A0%3C%2Fstrong%3EGerard%20Butler%2C%20Navid%20Negahban%2C%20Ali%20Fazal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202.5%2F5%3C%2Fp%3E%0A