British Prime Minister Boris Johnson was accused of a "constitutional outrage" on Wednesday, after securing permission from Queen Elizabeth to suspend Parliament for a month until mid-October, while his government works on Brexit.
Officials announced the current session of Parliament would end before September 12 to allow Mr Johnson to bring forward his own legislative programme five weeks later.
Critics and opponents immediately decried the duration of the break, which is the longest since 1945, claiming Downing Street was abusing the constitution to ensure Parliament could not derail its Brexit plans.
Sir John Major, one of Mr Johnson's Conservative predecessors, said he would take legal advice on a challenge in the courts, while other senior figures warned of a constitutional confrontation.
Michael Heseltine, the former deputy prime minister, accused the government of an "autocratic" move against opposition in Parliament.
"I find it unbelievable that any British government can suspend Parliament. This is a constitutional outrage," Mr Heseltine said.
An online petition opposing Mr Johnson's move to suspend parliament weeks before Brexit picked up traction on Wednesday, gathering more than one million signatures in a few hours.
On its website, the petition states "parliament must not be prorogued or dissolved unless and until" the departure of Britain from the European Union, scheduled for October 31, has been extended or cancelled.
As of midnight GMT, the petition had garnered 1,064,770 signatures.
Caught off guard after several days of gains, traders dumped sterling, pushing the pound sharply lower.
The currency fell briefly fell below $1.22 before a slight recovery and is down 10 cents since mid-March.
Bitter resistance to Mr Johnson's pledge to leave the EU by October 31 has grown in Parliament. Downing Street has accused rebel MPs of sabotaging its negotiating position with Brussels.
Since taking office in July, Mr Johnson has demanded a better deal from the EU than the withdrawal agreement secured by his predecessor, Theresa May.
He wrote to Conservative MPs to say that he needed to refocus the government's domestic agenda after the traditional party conference season.
Mr Johnson said the government needed to "bring forward a new, bold and ambitious domestic legislative agenda for the renewal of our country after Brexit".
US President Donald Trump tweeted his support for the move, saying the British leader was delivering on the demand for Brexit from the voters.
“Would be very hard for Jeremy Corbyn, leader of Britain’s Labour party, to seek a no-confidence vote against new Prime Minister Boris Johnson, especially in light of the fact that Boris is exactly what the UK has been looking for and will prove to be a great one. Love UK.”
Commons Speaker John Bercow issued an angry response to the announcement.
"It is blindingly obvious that the purpose of prorogation now would be to stop Parliament debating Brexit and performing its duty in shaping a course for the country,” Mr Bercow said.
“At this time, one of the most challenging periods in our nation's history, it is vital that our elected Parliament has its say."
Mr Corbyn accused the government of reckless abuse of the parliamentary rules.
"Boris Johnson’s attempt to suspend Parliament to avoid scrutiny of his plans for a reckless no-deal Brexit is an outrage and a threat to our democracy," Mr Corbyn said.
"Labour will work across Parliament to hold the government to account and prevent a disastrous no deal."
Nicola Sturgeon, First Minister of Scotland, said the move would "go down in history as a dark one indeed for UK democracy".
"Shutting down Parliament to force through a no-deal Brexit, which will do untold and lasting damage to the country against the wishes of MPs, is not democracy, it’s dictatorship," Ms Sturgeon said.
The leader of the Scottish National Party has said her devolved government would have to consider a new Scottish independence referendum in the event of a no-deal Brexit.
Ruth Davidson, leader of the Scottish Conservatives, is set to quit in protest against her party's plans, The Scottish Sun reported on Wednesday evening.
Ms Davidson, who campaigned against Brexit, steered the Conservatives to their best general election result in Scotland in 40 years in 2017.
But leading Brexiteers defended the move.
Jacob Rees-Mogg, Leader of the Commons, hit back at those who accused Mr Johnson of being undemocratic.
Mr Rees-Mogg reminded them that Parliament’s duty was to “respect the will of the voters” who had chosen to leave the EU.
After his earlier Privy Council meeting with the queen, Mr Rees-Mogg said the decision to suspend Parliament was "a completely normal procedure".
Opposition parties on Tuesday came together around a plan to push through a bill that would require the government to scrap its no-deal pledge and go back to Brussels to seek a second extension of the withdrawal date.
The meeting in Westminster marked the first time that all opposition political parties decided to combine forces on a single anti-Brexit initiative.
The request for the queen to suspend parliament and call a new session in October will still leave time for MPs to vote on a motion of no confidence if Mr Corbyn decides to start a clash next week.
Meanwhile, officials in Brussels privately welcomed Mr Johnson's tactics, which could make political space for a breakthrough at the European summit on October 17.
Mr Johnson wants the removal of provisions from Mrs May's agreement that would keep trade flowing uninterrupted across the Irish border.
His envoy to Europe, David Frost, is due to spend the coming week in Brussels trying to seal agreement on an alternative approach to Ireland.
But any possibility that Parliament could overturn Mr Johnson’s efforts reduces the incentive for the European side to make concessions.
The risk of a general election before Brexit has also risen and the Cabinet appeared to be gearing up for a snap poll.
Chancellor Sajid Javid called an early public spending review next week and is set to announce increases for schools, hospitals and police.
Mane points for safe home colouring
- Natural and grey hair takes colour differently than chemically treated hair
- Taking hair from a dark to a light colour should involve a slow transition through warmer stages of colour
- When choosing a colour (especially a lighter tone), allow for a natural lift of warmth
- Most modern hair colours are technique-based, in that they require a confident hand and taught skills
- If you decide to be brave and go for it, seek professional advice and use a semi-permanent colour
UAE tour of the Netherlands
UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures and results:
Monday, UAE won by three wickets
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match
ALRAWABI%20SCHOOL%20FOR%20GIRLS
%3Cp%3ECreator%3A%20Tima%20Shomali%3C%2Fp%3E%0A%3Cp%3EStarring%3A%C2%A0Tara%20Abboud%2C%C2%A0Kira%20Yaghnam%2C%20Tara%20Atalla%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A
THE SPECS
Engine: 1.5-litre turbocharged four-cylinder
Transmission: Constant Variable (CVT)
Power: 141bhp
Torque: 250Nm
Price: Dh64,500
On sale: Now
FIXTURES
Saturday, November 3
Japan v New Zealand
Wales v Scotland
England v South Africa
Ireland v Italy
Saturday, November 10
Italy v Georgia
Scotland v Fiji
England v New Zealand
Wales v Australia
Ireland v Argentina
France v South Africa
Saturday, November 17
Italy v Australia
Wales v Tonga
England v Japan
Scotland v South Africa
Ireland v New Zealand
Saturday, November 24
|Italy v New Zealand
Scotland v Argentina
England v Australia
Wales v South Africa
Ireland v United States
France v Fiji
SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2-litre%204-cylinder%20petrol%20(V%20Class)%3B%20electric%20motor%20with%2060kW%20or%2090kW%20powerpack%20(EQV)%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20233hp%20(V%20Class%2C%20best%20option)%3B%20204hp%20(EQV%2C%20best%20option)%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20350Nm%20(V%20Class%2C%20best%20option)%3B%20TBA%20(EQV)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EMid-2024%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3ETBA%0D%3C%2Fp%3E%0A
Match info:
Wolves 1
Boly (57')
Manchester City 1
Laporte (69')
Mountain%20Boy
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The%20specs
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The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
New UK refugee system
- A new “core protection” for refugees moving from permanent to a more basic, temporary protection
- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
- Under core protection there will be no automatic right to family reunion
- Refugees will have a reduced right to public funds
UAE SQUAD FOR ASIAN JIU-JITSU CHAMPIONSHIP
Men’s squad: Faisal Al Ketbi, Omar Al Fadhli, Zayed Al Kathiri, Thiab Al Nuaimi, Khaled Al Shehhi, Mohamed Ali Al Suwaidi, Farraj Khaled Al Awlaqi, Muhammad Al Ameri, Mahdi Al Awlaqi, Saeed Al Qubaisi, Abdullah Al Qubaisi and Hazaa Farhan
Women's squad: Hamda Al Shekheili, Shouq Al Dhanhani, Balqis Abdullah, Sharifa Al Namani, Asma Al Hosani, Maitha Sultan, Bashayer Al Matrooshi, Maha Al Hanaei, Shamma Al Kalbani, Haya Al Jahuri, Mahra Mahfouz, Marwa Al Hosani, Tasneem Al Jahoori and Maryam Al Amri
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Ogram%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Karim%20Kouatly%20and%20Shafiq%20Khartabil%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20On-demand%20staffing%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2050%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3EMore%20than%20%244%20million%3Cbr%3E%3Cstrong%3EFunding%20round%3A%3C%2Fstrong%3E%20Series%20A%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EGlobal%20Ventures%2C%20Aditum%20and%20Oraseya%20Capital%3Cbr%3E%3C%2Fp%3E%0A
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.”
Profile
Company: Libra Project
Based: Masdar City, ADGM, London and Delaware
Launch year: 2017
Size: A team of 12 with six employed full-time
Sector: Renewable energy
Funding: $500,000 in Series A funding from family and friends in 2018. A Series B round looking to raise $1.5m is now live.
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants
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