Boris Johnson, the Conservative party leadership candidate and former UK foreign secretary, pitched his bid for prime minister to party members and drew cheers when he dodged questions about a spat with his partner that brought the police to his London home. Bloomberg
Boris Johnson, the Conservative party leadership candidate and former UK foreign secretary, pitched his bid for prime minister to party members and drew cheers when he dodged questions about a spat with his partner that brought the police to his London home. Bloomberg
Boris Johnson, the Conservative party leadership candidate and former UK foreign secretary, pitched his bid for prime minister to party members and drew cheers when he dodged questions about a spat with his partner that brought the police to his London home. Bloomberg
Boris Johnson, the Conservative party leadership candidate and former UK foreign secretary, pitched his bid for prime minister to party members and drew cheers when he dodged questions about a spat wi

Boris Johnson a ‘security risk’ if he becomes Britain’s next leader, rivals claim


  • English
  • Arabic

Boris Johnson, the favourite to become Britain’s next prime minister, has been described as a security risk by supporters of his rival in a contest that is starting to heat up.

Ministerial allies of Jeremy Hunt say Mr Johnson does not deserve to lead Britain and could be vulnerable to blackmail from foreign powers after allegations about his private life.

Reports emerged from The Guardian newspaper on Friday evening of "screaming and banging" noises from Mr Johnson's south London home, shared with his partner, Carrie Symonds.

When asked to explain the reports, he refused to answer.

“I don’t think people want to hear about that,” Mr Johnson said.

The two contenders went head to head in Birmingham, Britain’s second city, amid a deeply divided government and a parliament at gridlock over Brexit.

Mr Johnson wants to “get Brexit done” as soon as possible, he said.

“My ambition is to unite this country and our society. Let’s take Britain forward,” he told a conference of Conservative Party members.

“We need to discover a new confidence in our country.”

Mr Hunt said there was the possibility of “no Conservative government, and maybe even no Conservative Party” if members elected the wrong person.

He warned members that a populist candidate could not oppose a “hard-left populist” in Jeremy Corbyn.

“I will never provoke a general election before we have left the EU,” Mr Hunt said.

He said he would leave the EU with no deal but did not prefer it.

Mr Hunt said he wanted to bring changes to the “Irish backstop”, an insurance policy to avoid a visible border between Northern Ireland and the Republic of Ireland.

He said it was possible to make changes to Britain’s withdrawal agreement with the EU by the deadline of 31 October.

Mr Hunt previously said he would not rule out an extension, although during the leadership conference debate said he would leave the EU with no deal if necessary.

Mr Johnson said he would leave without the £39 billion settlement agreed to by the UK to pay the EU as part of negotiated deals led  by departing Prime Minister Theresa May.

He advocates a no-deal if Britain cannot sign off an agreement by 31 October with the EU.

Mr Hunt is the UK Foreign Secretary and campaigned to remain in the EU during the 2016 referendum.

Mr Johnson led the campaign for Brexit and is a widely popular figure within the Conservative Party.

Confirmation of who will become Britain’s new leader is expected to be announced in the week starting July 22.

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

'Falling%20for%20Christmas'
%3Cp%3EDirector%3A%20Janeen%20Damian%3Cbr%3E%3Cbr%3EStars%3A%20Lindsay%20Lohan%2C%20Chord%20Overstreet%2C%20Jack%20Wagner%2C%20Aliana%20Lohan%3Cbr%3E%3Cbr%3ERating%3A%201%2F5%3C%2Fp%3E%0A
Terror attacks in Paris, November 13, 2015

- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

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.”