Liz Truss and Rishi Sunak are battling to be the leader of the Conservative Party and the new British prime minister. Nicholas Donaldson / The National
Liz Truss and Rishi Sunak are battling to be the leader of the Conservative Party and the new British prime minister. Nicholas Donaldson / The National
Liz Truss and Rishi Sunak are battling to be the leader of the Conservative Party and the new British prime minister. Nicholas Donaldson / The National
Liz Truss and Rishi Sunak are battling to be the leader of the Conservative Party and the new British prime minister. Nicholas Donaldson / The National


The next generation of Conservatives must keep Britain global


Simon Mayall
Simon Mayall
  • English
  • Arabic

August 26, 2022

On September 5, the governing Conservative party will pick either Rishi Sunak or Liz Truss to be its leader - who will, by extension, become the next British prime minister. Then, in the next two years, that winning candidate must seek a new mandate from the electorate in a general election.

The new prime minister will have no honeymoon period with the public, given the current combination of high taxes, low growth, poor productivity, inflation, inadequate provision of public services, union militancy, and continuing resentment at the Brexit result – a flame kept alive by a media largely hostile to the Tories.

However, given the British media's focus on domestic economic woes, it is sometimes easy to forget that so much of the cost-of-living crisis, and not just in the UK, is a direct result of turbulence and violence abroad. So, while a Sunak or Truss government will have little option but to focus on the domestic economy, it must also seek to shape the international environment in Britain's interest. Into this arena, the whole national toolkit of diplomacy, defence engagement, intelligence-sharing, aid and, importantly, trade must be poured.

While continuing to contribute to those global issues of climate change, the environment, demographic growth and migration, terrorism and state failure, Britain must confront Russia's malign actions in Ukraine, with their dire consequences for energy and grain supplies, and contain what many in the West perceive to be the increasingly predatory behaviour of China. In the meantime, the security-related issues concerning Iran and North Korea have not gone away, nor the threat from extremist violence, or the consequences of Britain's withdrawal from the EU. In all these challenges, Britain must not, and cannot, afford to be a by-stander or a spectator. Continued international turmoil, further challenges to the international rules-based order, and greater stress on trade and the shortening of supply chains can only exacerbate the weaknesses of national economies.

Rishi Sunak and Liz Truss supporters at a hustings event in Norwich North, in the English country of Norfolk. PA
Rishi Sunak and Liz Truss supporters at a hustings event in Norwich North, in the English country of Norfolk. PA

Britain is a "global nation". That is not hyperbole, nor is it post-Brexit hype. It is a fact, and Britain's continuing reach and influence is everywhere in the world, from language, laws, administrative structures, architecture, fashion, music, technology and innovation, and in the militaries of a number of countries. Britain remains a key member of the UN Security Council, a leading member of Nato, a nuclear power, an important friend to the EU, and has close links with all 72 members of the Commonwealth. Her economy, and her defence spending, are among the largest in the world. All of this is at the disposal of a prime minister with the confidence and competence to use them. The policy choices of the next leader will be vital, but so too will be his or her personality and political philosophy.

So, what might we expect from the two candidates for Britain's highest political office?

Neither contender is a Tory insider, both are vocally patriotic and neither has the declinist mindset of many in the so-called establishment. Like former prime minister Margaret Thatcher, neither has come into politics to "manage decline", and both are refreshingly optimistic and ambitious for the people. Both understand the importance of the trans-Atlantic link, see Nato as the primary vehicle for national security, and are committed to the British nuclear deterrent.

Mr Sunak is the smoother, slicker, probably more articulate of the two, although Ms Truss is improving in these aspects. He is a classic immigrant success story, and his commitment to the country that has given him this opportunity is genuine and strong, as is his commitment to a Conservative philosophy of small state, sound economy and personal responsibility. He is an internationalist, rich, with the credibility of a successful financial career behind him, and would move probably more easily, and feel more at home, in the corridors of power. He would almost certainly be more welcome to European leaders, despite having voted to "Leave", but his impact in the US might be less than that of Ms Truss. He is also less comfortable or familiar with the military or the intelligence services.

Given US President Joe Biden's apparent antipathy to Britain, neither may make significant headway. However, given the current security and defence challenges, it is vital that the new prime minister gets to Washington, and other key capitals, early in their tenure, and explains to both domestic and international audiences the importance of collective action by western powers, and close allies.

Ms Truss has been on a more personal journey. Her parents were Labour party supporters, and she was a Liberal Democrat. A lukewarm "Remainer" in the Brexit debate, conscious of the economic disruption, she nevertheless understands the importance and appeal of national sovereignty. Her conservatism is that of the convert, who has had to think through her political philosophy. She has written extensively on issues of political and individual freedom, and is an articulate supporter of free trade. Her time in the Department of Trade, including her work to deliver new free trade agreements has given her exposure in many countries.

  • Mack Rutherford, 17, celebrates after arriving at Biggin Hill Airport in Kent on Monday, as he continues his bid to set a Guinness World Record as the youngest person to fly around the world solo in a small plane. PA
    Mack Rutherford, 17, celebrates after arriving at Biggin Hill Airport in Kent on Monday, as he continues his bid to set a Guinness World Record as the youngest person to fly around the world solo in a small plane. PA
  • Bins overflow with rubbish along Princes Street in Edinburgh on Monday, as a strike by municipality cleaners entered its fourth day. PA
    Bins overflow with rubbish along Princes Street in Edinburgh on Monday, as a strike by municipality cleaners entered its fourth day. PA
  • On Tuesday a police officer lays flowers near the scene where Olivia Pratt-Korbel, 9, was fatally shot, on Kingsheath Avenue in Knotty Ash, Liverpool. PA
    On Tuesday a police officer lays flowers near the scene where Olivia Pratt-Korbel, 9, was fatally shot, on Kingsheath Avenue in Knotty Ash, Liverpool. PA
  • Florists decorate the entrance to 10 Downing Street with flowers in Ukraine's national colours, in London on Tuesday, a day before the besieged country's independence day. AP
    Florists decorate the entrance to 10 Downing Street with flowers in Ukraine's national colours, in London on Tuesday, a day before the besieged country's independence day. AP
  • A man rides a carriage drawn by shire horses as he harvests wildflower meadow at King's College Cambridge on Tuesday. PA
    A man rides a carriage drawn by shire horses as he harvests wildflower meadow at King's College Cambridge on Tuesday. PA
  • Hundreds of passengers wait in tunnels under the English Channel after a train broke down on Tuesday. PA
    Hundreds of passengers wait in tunnels under the English Channel after a train broke down on Tuesday. PA
  • People gather in Edinburgh on Wednesday to take part in a Ukraine independence march. AP
    People gather in Edinburgh on Wednesday to take part in a Ukraine independence march. AP
  • A port worker surfs at the Port of Felixstowe, Britain's biggest and busiest container terminal, on Wednesday after members of the Unite union went on strike. PA
    A port worker surfs at the Port of Felixstowe, Britain's biggest and busiest container terminal, on Wednesday after members of the Unite union went on strike. PA
  • Labour leader Sir Keir Starmer with British soldiers in Wiltshire on Wednesday, where he saw Ukrainian soldiers being trained by the army as part of Operation Interflux. PA
    Labour leader Sir Keir Starmer with British soldiers in Wiltshire on Wednesday, where he saw Ukrainian soldiers being trained by the army as part of Operation Interflux. PA
  • Pupils congratulate each other after receiving their GCSE results at Roedean School in Brighton, on Thursday. PA
    Pupils congratulate each other after receiving their GCSE results at Roedean School in Brighton, on Thursday. PA
  • Samira, a golden-headed lion tamarin, stands on a scale during the London Zoo's annual weigh-in on Thursday. AFP
    Samira, a golden-headed lion tamarin, stands on a scale during the London Zoo's annual weigh-in on Thursday. AFP
  • Royal Mail staff join a Communication Workers Union strike outside a post office in London on Friday. More than 115,000 postal workers are on strike in a dispute over pay, the biggest walkout since 2009. EPA
    Royal Mail staff join a Communication Workers Union strike outside a post office in London on Friday. More than 115,000 postal workers are on strike in a dispute over pay, the biggest walkout since 2009. EPA
  • British Prime Minister Boris Johnson poses for a photograph with members of staff at the South-West London Elective Orthopaedic Centre in Epsom on Friday. AFP
    British Prime Minister Boris Johnson poses for a photograph with members of staff at the South-West London Elective Orthopaedic Centre in Epsom on Friday. AFP

Her current tenure as Foreign Secretary has put her in the forefront of helping coalesce opposition to Russian President Vladimir Putin, and educated her in the leverage Britain's well-respected armed forces can give the country’s prime minister. She will be a keen advocate of higher defence spending, and a more forward-leaning security posture. That security posture will include strengthening defence agreements with like-minded allies and partners. She has called for a "global Nato", although what that would mean in terms of commitments remains to be seen. A good relationship with the EU, and certain European leaders, is very important, but Ms Truss is unlikely to sacrifice national interests for short-term consensus. Indeed, under Ms Truss, Britain may well attempt to move even further from the European economic model. Given the importance of energy security, and its linkage to economic security, she would, in all likelihood, increase Britain’s engagement with partners in the Gulf, where the country has had decades of very close relationships.

Given the scale of the challenges facing an incoming prime minister, both Mr Sunak and Ms Truss will need to maximise Britain's international position in support of their efforts to address the domestic problems. Both have good credentials for engaging globally, although Ms Truss may feel more comfortable with stressing the hard-power aspects of what Britain brings to the world.

Time will be short for either candidate, given the proximity of the next general election. And whatever be their respective plans, hopes and aspirations, both at home and abroad, there are always what former prime minister Harold Macmillan identified as the greatest challenge for political leaders – "events, dear boy, events”.

Januzaj's club record

Manchester United 50 appearances, 5 goals

Borussia Dortmund (loan) 6 appearances, 0 goals

Sunderland (loan) 25 appearances, 0 goals

The rules of the road keeping cyclists safe

Cyclists must wear a helmet, arm and knee pads

Have a white front-light and a back red-light on their bike

They must place a number plate with reflective light to the back of the bike to alert road-users

Avoid carrying weights that could cause the bike to lose balance

They must cycle on designated lanes and areas and ride safe on pavements to avoid bumping into pedestrians

if you go

The flights
Flydubai offers three daily direct flights to Sarajevo and, from June, a daily flight from Thessaloniki from Dubai. A return flight costs from Dhs1,905 including taxes.
The trip 
The Travel Scientists are the organisers of the Balkan Ride and several other rallies around the world. The 2018 running of this particular adventure will take place from August 3-11, once again starting in Sarajevo and ending a week later in Thessaloniki. If you’re driving your own vehicle, then entry start from €880 (Dhs 3,900) per person including all accommodation along the route. Contact the Travel Scientists if you wish to hire one of their vehicles. 

PROFILE OF CURE.FIT

Started: July 2016

Founders: Mukesh Bansal and Ankit Nagori

Based: Bangalore, India

Sector: Health & wellness

Size: 500 employees

Investment: $250 million

Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)

Last 10 NBA champions

2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2

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.”

MATCH INFO

Sheffield United 3

Fleck 19, Mousset 52, McBurnie 90

Manchester United 3

Williams 72, Greenwood 77, Rashford 79

Major matches on Manic Monday

Andy Murray (GBR) v Benoit Paire (FRA)

Grigor Dimitrov (BGR) v Roger Federer (SUI)

Rafael Nadal (ESP) v Gilles Muller (LUX)

Adrian Mannarino (FRA) Novak Djokovic (SRB)

23-man shortlist for next six Hall of Fame inductees

Tony Adams, David Beckham, Dennis Bergkamp, Sol Campbell, Eric Cantona, Andrew Cole, Ashley Cole, Didier Drogba, Les Ferdinand, Rio Ferdinand, Robbie Fowler, Steven Gerrard, Roy Keane, Frank Lampard, Matt Le Tissier, Michael Owen, Peter Schmeichel, Paul Scholes, John Terry, Robin van Persie, Nemanja Vidic, Patrick Viera, Ian Wright.

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A
Neil Thomson – THE BIO

Family: I am happily married to my wife Liz and we have two children together.

Favourite music: Rock music. I started at a young age due to my father’s influence. He played in an Indian rock band The Flintstones who were once asked by Apple Records to fly over to England to perform there.

Favourite book: I constantly find myself reading The Bible.

Favourite film: The Greatest Showman.

Favourite holiday destination: I love visiting Melbourne as I have family there and it’s a wonderful place. New York at Christmas is also magical.

Favourite food: I went to boarding school so I like any cuisine really.

GROUPS

Group Gustavo Kuerten
Novak Djokovic (x1)
Alexander Zverev (x3)
Marin Cilic (x5)
John Isner (x8)

Group Lleyton Hewitt
Roger Federer (x2)
Kevin Anderson (x4)
Dominic Thiem (x6)
Kei Nishikori (x7)

Retail gloom

Online grocer Ocado revealed retail sales fell 5.7 per cen in its first quarter as customers switched back to pre-pandemic shopping patterns.

It was a tough comparison from a year earlier, when the UK was in lockdown, but on a two-year basis its retail division, a joint venture with Marks&Spencer, rose 31.7 per cent over the quarter.

The group added that a 15 per cent drop in customer basket size offset an 11.6. per cent rise in the number of customer transactions.

ENGLAND SQUAD

Team: 15 Mike Brown, 14 Anthony Watson, 13 Ben Te'o, 12 Owen Farrell, 11 Jonny May, 10 George Ford, 9 Ben Youngs, 1 Mako Vunipola, 2 Dylan Hartley, 3 Dan Cole, 4 Joe Launchbury, 5 Maro Itoje, 6 Courtney Lawes, 7 Chris Robshaw, 8 Sam Simmonds

Replacements 16 Jamie George, 17 Alec Hepburn, 18 Harry Williams, 19 George Kruis, 20 Sam Underhill, 21 Danny Care, 22 Jonathan Joseph, 23 Jack Nowell

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

CHATGPT%20ENTERPRISE%20FEATURES
%3Cp%3E%E2%80%A2%20Enterprise-grade%20security%20and%20privacy%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Unlimited%20higher-speed%20GPT-4%20access%20with%20no%20caps%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Longer%20context%20windows%20for%20processing%20longer%20inputs%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Advanced%20data%20analysis%20capabilities%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Customisation%20options%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shareable%20chat%20templates%20that%20companies%20can%20use%20to%20collaborate%20and%20build%20common%20workflows%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Analytics%20dashboard%20for%20usage%20insights%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Free%20credits%20to%20use%20OpenAI%20APIs%20to%20extend%20OpenAI%20into%20a%20fully-custom%20solution%20for%20enterprises%3C%2Fp%3E%0A
The%20Crown%20season%205
%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EImelda%20Staunton%2C%20Jonathan%20Pryce%2C%20Lesley%20Manville%2C%20Jonny%20Lee%20Miller%2C%20Dominic%20West%2C%20Elizabeth%20Debicki%2C%20Salim%20Daw%20and%20Khalid%20Abdalla%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWritten%20by%3A%20%3C%2Fstrong%3EPeter%20Morgan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%20stars%3C%2Fp%3E%0A
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 
TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)

What is THAAD?

It is considered to be the US's most superior missile defence system.

Production:

It was created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out  ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

UAE and THAAD:

In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.

match info

Athletic Bilbao 1 (Muniain 37')

Atletico Madrid 1 (Costa 39')

Man of the match  Iker Muniain (Athletic Bilbao)

THE SPECS

Engine: 2.0-litre 4-cylinder turbo

Power: 275hp at 6,600rpm

Torque: 353Nm from 1,450-4,700rpm

Transmission: 8-speed dual-clutch auto

Top speed: 250kph

Fuel consumption: 6.8L/100km

On sale: Now

Price: Dh146,999

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

UAE currency: the story behind the money in your pockets
TYPES%20OF%20ONLINE%20GIG%20WORK
%3Cp%3E%3Cstrong%3EDesign%2C%20multimedia%20and%20creative%20work%3A%20%3C%2Fstrong%3ELogo%20design%2C%20website%20design%2C%20visualisations%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBusiness%20and%20professional%20management%3A%20%3C%2Fstrong%3ELegal%20or%20management%20consulting%2C%20architecture%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBusiness%20and%20professional%20support%3A%20%3C%2Fstrong%3EResearch%20support%2C%20proofreading%2C%20bookkeeping%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESales%20and%20marketing%20support%3A%20%3C%2Fstrong%3ESearch%20engine%20optimisation%2C%20social%20media%20marketing%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EData%20entry%2C%20administrative%2C%20and%20clerical%3A%20%3C%2Fstrong%3EData%20entry%20tasks%2C%20virtual%20assistants%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIT%2C%20software%20development%20and%20tech%3A%20%3C%2Fstrong%3EData%20analyst%2C%20back-end%20or%20front-end%20developers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWriting%20and%20translation%3A%20%3C%2Fstrong%3EContent%20writing%2C%20ghost%20writing%2C%20translation%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EOnline%20microtasks%3A%20%3C%2Fstrong%3EImage%20tagging%2C%20surveys%3C%2Fp%3E%0A%3Cp%3E%3Cem%3ESource%3A%20World%20Bank%3C%2Fem%3E%3C%2Fp%3E%0A
Updated: August 26, 2022, 6:00 PM