Britain's Prime Minister Boris Johnson gestures as he meets Ireland's Prime Minister (Taoiseach) Leo Varadkar in Dublin, Ireland, September 9, 2019. Reuters
Britain's Prime Minister Boris Johnson gestures as he meets Ireland's Prime Minister (Taoiseach) Leo Varadkar in Dublin, Ireland, September 9, 2019. Reuters
Britain's Prime Minister Boris Johnson gestures as he meets Ireland's Prime Minister (Taoiseach) Leo Varadkar in Dublin, Ireland, September 9, 2019. Reuters
Britain's Prime Minister Boris Johnson gestures as he meets Ireland's Prime Minister (Taoiseach) Leo Varadkar in Dublin, Ireland, September 9, 2019. Reuters

Four ways to resolve the Brexit crisis but none of them are easy


Damien McElroy
  • English
  • Arabic

Boris Johnson suspended parliament for five weeks as his party fights to resolve the Brexit dilemma. Britain must leave the European Union by October 31 but parliament won't assemble again until October 14.

After a new law came into force on Monday, Mr Johnson is now obliged to ask the EU for a second extension to the leaving date (the first extension was granted at a summit in Brussels in March) if he cannot reach a new withdrawal agreement. The decisive summit is due to be held in Brussels on October 17.

What can now happen to resolve the Brexit impasse? Here are four options facing the country.

Britain could still crash out of the EU on October 31 without a deal

Mr Johnson has repeatedly said he will not ask the EU for an extension to the current Brexit deadline. He said as much to the House of Commons before the shutdown on Monday night. “I will not ask for another delay,” he said.

Plan A for the government is a new agreement but refusing to ask for a delay would see Downing Street run down the clock until the deadline expires. Attorney general Geoffrey Cox is believed to have said that would be an criminal act that would see the prime minister face charges.

Attorney general Geoffrey Cox arrives at 10 Downing Street for a cabinet meeting on September 10, 2019 in London, England. Getty Images
Attorney general Geoffrey Cox arrives at 10 Downing Street for a cabinet meeting on September 10, 2019 in London, England. Getty Images

It is also possible that a request for a delay would be refused by the other EU countries. The 27 European nations are exasperated by the twists and turns of British politics. With a new EU leadership coming into office later this year, there is a feeling that the Brexit wrangling cannot go on. France in particular has said that there won't be an extension under the current circumstances.

Some in Mr Johnson's team have even floated the idea of encouraging a sympathetic government to veto the extension and thus assist Brexit by a backdoor route.

Losing Britain from the EU remains a strategic blow for the bloc. It would be a very big strategic decision to force the world's sixth-largest economic power out of its membership.

The EU and UK could agree on a last-minute withdrawal agreement

While Mr Johnson also told parliament that it had tied his hands going into the October 17th summit, the prime minister has vowed to get a new agreement. To the outside world any new deal would look like the old deal negotiated by Theresa May in all but a few key areas. One big decision that London could take is to pare back the so-called backstop that keeps alignment with the EU's single market and customs union to just Northern Ireland.

The decision would mean that Great Britain would sever most of its economic ties with the EU but an all-Ireland economy would be preserved. This has great implications for the internal union of the UK. It would also fuel nationalist sentiment in the pro-Remain Scottish nation.

However, it would provide for a more orderly exit on October 31 with a transition period that stretches until the end of 2020, in which all of the UK would be able to trade on current terms with the rest of Europe.

A new leader could be installed to stop no-deal and find a new Brexit path

In the short interval after reconvening, Parliament could face the dilemma of how to stop a government that is deliberately ignoring its demands to avoid a no-deal exit. It has already refused to grant a two-thirds endorsement of an early general election.

Another option is a no-confidence vote in Mr Johnson. This would give his rivals 14 days to back an alternative prime minister. Given that no party has a majority in the House of Commons this would mean a coalition of MPs coming together for a caretaker government that would have a limited lifespan and a single purpose to find a new solution to the challenge of leaving the EU instructed by the 2016 referendum.

The first hurdle is that Mr Johnson would have to recommend his replacement. He has vowed to do this. Queen Elizabeth could be put in constitutional crisis of having to chose between her prime minister and a majority of parliamentarians.

Brexit could be halted as a general election is triggered

The fracturing of the two main political parties since the 2017 general election has made Britain impossible to govern through the parliamentary system. A general election is certain. What is impossible to guess is the timing of the decision to call a vote. If a general election is triggered by October 31, either by Mr Johnson or by his rivals in parliament, there will be immense pressure for a delay in the UK's withdrawal while the campaign is ongoing. Again Mr Johnson has vowed to press ahead. Normal rules of elections mean that the government goes into "purdah", meaning that the no major spending decisions can be take by ministers or civil servants. A crisis over Brexit would be compounded by these rules. Yet another dilemma thrown up by the Brexit meltdown.

UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

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.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Reading List

Practitioners of mindful eating recommend the following books to get you started:

Savor: Mindful Eating, Mindful Life by Thich Nhat Hanh and Dr Lilian Cheung

How to Eat by Thich Nhat Hanh

The Mindful Diet by Dr Ruth Wolever

Mindful Eating by Dr Jan Bays

How to Raise a Mindful Eaterby Maryann Jacobsen

UAE currency: the story behind the money in your pockets
The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

Why are asylum seekers being housed in hotels?

The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.

A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.

Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.

The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.

When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.

Scoreline

Arsenal 3
Aubameyang (28'), Welbeck (38', 81')
Red cards: El Neny (90' 3)

Southampton 2
Long (17'), Austin (73')
Red cards: Stephens (90' 2)