A beach in Bridgetown, Barbados. Jewel Samad / AFP
A beach in Bridgetown, Barbados. Jewel Samad / AFP
A beach in Bridgetown, Barbados. Jewel Samad / AFP
A beach in Bridgetown, Barbados. Jewel Samad / AFP

Why Barbados is done with the Queen


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The British Commonwealth is an odd creation. It has its roots in the British Empire, but that empire is long gone, even if not forgotten. The 21st century Commonwealth brings together 54 nations, mostly former British colonies, including India, Pakistan, Zambia, Grenada, Malawi, Australia and Canada. It is remarkable since these countries are large and small, rich and poor, from the north and south.

But now one of the members of that Commonwealth, Barbados, has announced that by November 2021, the Queen will no longer be the country’s head of state. Politicians in that small Caribbean island say they want "full sovereignty" by the time the island celebrates its 55th anniversary of independence from the UK in November 2021.

As the Governor-General Dame Sandra Mason put it: "The time has come to fully leave our colonial past behind.” Dame Sandra’s words are a reminder that the one country which has failed to leave the colonial past behind is England itself.

Barbados has a population of just 286,000 people and a long history of colonisation by European powers who brought slaves from Africa to work mainly on sugar plantations. For the people of Barbados, accepting as head of state a monarch based in a country on the other side of the Atlantic no longer makes sense. Barbados joins other British ex-colonies, including India and Pakistan, which remain part of the Commonwealth but choose a head of state from their own land and people.

The activities of Queen Elizabeth II and other members of the British royal family cost more than £82 million in one year. AP
The activities of Queen Elizabeth II and other members of the British royal family cost more than £82 million in one year. AP

From November 2021, just 15 members of the Commonwealth will retain the Queen – Antigua and Barbuda, Australia, Belize, Canada, Grenada, Jamaica, New Zealand, Papua New Guinea, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Solomon Islands, The Bahamas and Tuvalu. Australians continue to debate whether having a British monarch as head of state is appropriate in the 21st century. Some Caribbean nations may also decide to follow the lead of Barbados.

A statue of Royal Navy Vice-Admiral Horatio Nelson stands with its plinth vandalised a day after the government of the Caribbean island of Barbados said it wished to remove Britain's Queen Elizabeth as its head of state and become a republic, Bridgetown, Barbados. Nigel R Browne / Reuters
A statue of Royal Navy Vice-Admiral Horatio Nelson stands with its plinth vandalised a day after the government of the Caribbean island of Barbados said it wished to remove Britain's Queen Elizabeth as its head of state and become a republic, Bridgetown, Barbados. Nigel R Browne / Reuters

All this comes when the former “Mother Country” is facing its own identity crisis. The United Kingdom of Great Britain and Northern Ireland is an increasingly dis-United Kingdom. Brexit means the Scottish government has made clear it intends to seek a new referendum on independence because Scotland voted overwhelmingly to stay in the EU and is being dragged out against its will.

In May 2021 Scots will go to the polls to elect a new Scottish parliament and the First Minister Nicola Sturgeon hopes to use the results as a springboard to demand what Scots call #indyref2. The polls show support for independence at 54 per cent. Boris Johnson’s government’s repeated failures on coronavirus and Brexit have stiffened the resolve of many Scots to leave the current United Kingdom arrangement. Northern Ireland, like Scotland, voted to remain in the EU, and support for a United Ireland appears to be growing.

The one country which has failed to leave the colonial past behind is England itself

The only group in Northern Ireland consistently for the union are those over the age of 65, but Boris Johnson’s cavalier decision to agree to a customs border between Northern Ireland and the rest of the UK was greeted with dismay by Ulster unionists. Mr Johnson has now attempted to reverse that decision by considering breaking international law. The Brexit fiasco has not convinced Ulster people to trust him or his judgement.

Behind all this lies the sense that the British government is stuck in the past while other countries – including Barbados – are moving forwards.

Mr Johnson made a big fuss about singing “Rule, Britannia” at the Royal Albert Hall, a song written in 1740. A prominent Conservative politician, Jacob Rees-Mogg was described as “ein lebendes Fossil” – a living fossil – in a German newspaper.

Many Brexit advocates, including Mr Rees-Mogg, speak of “taking back control” and “taking our country back,” pining for a lost past rather than offering coherent plans for the future.

Ross Greer, a Green party Member of the Scottish Parliament, summed up the political situation at Westminster by tweeting he was in favour of Scottish independence “because I want to live in a 21st century European nation, one which gets the governments it votes for, not in an 18th century tribute act having a profound post-imperial identity crisis.”

Barbados is moving forward. Ireland has changed profoundly in 20 years. Scotland and Northern Ireland are considering the future, but too many English politicians like Mr Johnson and Mr Rees-Mogg, are stuck in hazy visions of past imperial glories. In 1962, US Secretary of State Dean Acheson, said Britain had lost an Empire but had not yet found a role.

He went on to explain: “Britain's attempt to play a separate power role – that is, a role apart from Europe, a role based on a 'special relationship' with the United States, a role based on being the head of a Commonwealth which has no political structure or unity or strength and enjoys a fragile and precarious economic relationship – this role is about played out.”

Unfortunately the British prime minister hasn’t yet quite grasped all this. The “separate power role” is now utterly “played out.” The question for England’s future is, what remains?

Gavin Esler is a UK columnist for The National

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Company%20profile
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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.”

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Full Party in the Park line-up

2pm – Andreah

3pm – Supernovas

4.30pm – The Boxtones

5.30pm – Lighthouse Family

7pm – Step On DJs

8pm – Richard Ashcroft

9.30pm – Chris Wright

10pm – Fatboy Slim

11pm – Hollaphonic

 

The candidates

Dr Ayham Ammora, scientist and business executive

Ali Azeem, business leader

Tony Booth, professor of education

Lord Browne, former BP chief executive

Dr Mohamed El-Erian, economist

Professor Wyn Evans, astrophysicist

Dr Mark Mann, scientist

Gina MIller, anti-Brexit campaigner

Lord Smith, former Cabinet minister

Sandi Toksvig, broadcaster

 

Tickets

Tickets start at Dh100 for adults, while children can enter free on the opening day. For more information, visit www.mubadalawtc.com.

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Monday, Sept 30

Al Sadd v Esteghlal (8pm)
Persepolis v Pakhtakor (8pm)
Al Wasl v Al Ahli (8pm)
Al Nassr v Al Rayyan (10pm)

Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)

What sanctions would be reimposed?

Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:

  • An arms embargo
  • A ban on uranium enrichment and reprocessing
  • A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
  • A targeted global asset freeze and travel ban on Iranian individuals and entities
  • Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
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Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

Checks continue

A High Court judge issued an interim order on Friday suspending a decision by Agriculture Minister Edwin Poots to direct a stop to Brexit agri-food checks at Northern Ireland ports.

Mr Justice Colton said he was making the temporary direction until a judicial review of the minister's unilateral action this week to order a halt to port checks that are required under the Northern Ireland Protocol.

Civil servants have yet to implement the instruction, pending legal clarity on their obligations, and checks are continuing.

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  • 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