Britain's Home Secretary Suella Braverman has declined to say when flights to Rwanda could take off, as she appeared to play down suggestions that the stalled policy of deporting asylum seekers could begin this summer.
The Home Secretary also insisted that ministers were looking at “all sorts of land and sites and vessels” to house asylum seekers in the UK, but refused to say whether the UK government was close to signing a deal on procuring a barge.
Touring broadcast studios on Sunday, Ms Braverman faced questions about the government’s record on illegal migration.
UK Prime Minister Rishi Sunak and Ms Braverman have said that “stopping the boats” across the Channel is a crucial priority, but campaigners have condemned much of the government’s response, with the controversial Illegal Migration Bill described as an effective “asylum ban”.
Ministers sparked further controversy after unveiling plans to house asylum seekers in disused military bases to accommodate their “essential living needs and nothing more”, with ferries and barges also being explored as options.
Ms Braverman on Sunday could not say when flights to Rwanda would take off, telling Sky News: “We are making very steady progress.
“I am not going to give a deadline as to when flights will take off.”
The government’s plan to forcibly remove migrants to the African nation is currently grounded by the courts. It was deemed lawful by the High Court, but legal challenges continue.
Later on the BBC, Ms Braverman declined to confirm a Sun On Sunday report that ministers are close to signing a contract with Portland Port Authority over “floating accommodation for asylum seekers”.
She told the BBC's Sunday with Laura Kuenssberg programme that ministers were looking at “all sorts of land and sites and vessels” for migrant accommodation.
She said: “We’re talking to a lot of operators. A lot of owners of lots of different kinds of property around the country. We’ve announced sites earlier this week.
“Those are sites where we have a level of confidence we’re able to be public about those sites.
“We’re aiming to roll out these sites very quickly and start making them fit for accommodation purposes and relocate people on to those sites for asylum purposes.
“But we’re looking at all options. We’re looking at all sorts of land and sites and vessels and we’re in negotiations with a high number of operators around the country.”
The Home Secretary also insisted that Rwanda is a “safe” country to send asylums seekers, insisting that High Court judges had sided with the government over United Nations concerns about the safety of asylum seekers there.
“Rwanda is a safe country. It is appropriate for our purposes to work in partnership,” she said.
Ms Braverman also refused to repeat her previous hope that net migration could fall to tens of thousands.
“The clear answer I can give you is that I support our manifesto commitment to get overall migration numbers down, including legal migration,” she told the BBC.
But Labour said that the Rwanda plan was not even “real”, with shadow levelling up secretary Lisa Nandy suggesting that her party would have nothing to reverse if it wins the next general election.
On the same programme, she said: “I don’t think we’re ever going to be in the situation where we have to dismantle this because I don’t think it’s real, just like the barges that the Home Secretary promised this week that it turns out didn’t exist.
“This is just yet another way of distracting from the fact that they’re only processing 1 per cent of the asylum claims of people who arrived last year.”
The Liberal Democrats said that Ms Braverman’s comments showed that the Rwanda plan was “on hold”.
“Suella Braverman’s admission that her botched Rwanda scheme is on hold shows just how unworkable it is," home affairs spokesman Alistair Carmichael said.
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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World Cricket League Division 2
In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.
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Thursday, February 8 v Kenya; Friday, February 9 v Canada; Sunday, February 11 v Nepal; Monday, February 12 v Oman; Wednesday, February 14 v Namibia; Thursday, February 15 final
The Dictionary of Animal Languages
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Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat