Dutch Prime Minister Mark Rutte reacts to the exit pools of the House of Representatives elections in The Hague. AFP
Dutch Prime Minister Mark Rutte reacts to the exit pools of the House of Representatives elections in The Hague. AFP
Dutch Prime Minister Mark Rutte reacts to the exit pools of the House of Representatives elections in The Hague. AFP
Dutch Prime Minister Mark Rutte reacts to the exit pools of the House of Representatives elections in The Hague. AFP

Dutch to hand fourth term to Prime Minister Rutte, poll shows


Soraya Ebrahimi
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Dutch Prime Minister Mark Rutte won a clear victory in Wednesday’s national election to secure a fourth term in office, exit polls showed.

Mr Rutte’s centre-right party, the VVD, is set to win 36 seats in the 150-strong parliament with the pro-European group D66 in second place with 27 seats, its best ever result, according to an exit poll by Ipsos. Geert Wilders’ populists slipped to third place with 17 seats from second in 2017.

The result sets Mr Rutte up to become the longest-serving leader in Dutch history and could signal a more co-operative approach in dealings with the rest of the European Union.

Losses for Wopke Hoekstra, the budget hawk who served as Mr Rutte’s most recent finance minister, and the surge in support for Trade Minister Sigrid Kaag’s D66 may make the next coalition more willing to embrace common EU projects.

“We should co-operate more with France and Germany,” Ms Kaag, who previously worked for the United Nations as a diplomat, said last month during an online seminar organised by the Centre for European Reform, a research institute.

“They set the tone and the agenda. It is important to be trustworthy and that we are the go-to partners for the French and Germans.”

Another pro-European party, Volt, enters parliament for the first time with three seats.

Even so, the process of putting together a coalition could take months.

During an election campaign that was overshadowed by the coronavirus, Mr Rutte has won praise for his handling of the pandemic, adding to his long-standing popularity with voters.

“There is huge work ahead of us,” Mr Rutte said after the polls were released, congratulating Ms Kaag on her “historic” success.

“The biggest task will be leading the country through the [coronavirus] crisis.”

Mr Hoekstra’s Christian Democrats, by contrast, slipped to fourth place with 14 seats. The Christian Democrats and D66 both had 19 seats in the last parliament and Mr Hoekstra may now have to cede the finance ministry to the pro-European group.

“D66 now clearly is the second biggest party of the country and holds the strongest progressive voice,” Kees Aarts, a professor of politics at Groningen University, said in a phone interview.

“This will give them a big voice in a potential new government.”

Mr Hoekstra may have paid the price for the previous government’s strategy of trying hold back deeper integration in the EU, even though Mr Rutte escaped unscathed.

The Dutch last year fought alongside Austria, Denmark and Sweden to water down the 750 billion-euro ($900bn) EU recovery package proposed by German Chancellor Angela Merkel and French President Emmanuel Macron.

During the campaign, Ms Kaag had criticised that approach, arguing that the Netherlands, the fifth largest economy in the bloc, should seek to forge a common project with the EU’s biggest powers.

“The Dutch strategy of making alliances with smaller countries is not in the spirit of Europe,” said Amy Verdun, a visiting professor of European politics at the University of Leiden.

“It is not a winning strategy and I think it will change.”

The first priority for the next government will be to bring the pandemic under control and then rebuild the economy.

Dutch output shrank by 4.1 per cent last year and the European Commission is forecasting an expansion of only 1.8 per cent for 2021, the weakest in the EU.

“We have a big responsibility, the party and myself,” Ms Kaag said in her first comments after the polls were released.

“We need to co-operate and we want to be more progressive, greener and more equal.”

UAE currency: the story behind the money in your pockets
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
Coffee: black death or elixir of life?

It is among the greatest health debates of our time; splashed across newspapers with contradicting headlines - is coffee good for you or not?

Depending on what you read, it is either a cancer-causing, sleep-depriving, stomach ulcer-inducing black death or the secret to long life, cutting the chance of stroke, diabetes and cancer.

The latest research - a study of 8,412 people across the UK who each underwent an MRI heart scan - is intended to put to bed (caffeine allowing) conflicting reports of the pros and cons of consumption.

The study, funded by the British Heart Foundation, contradicted previous findings that it stiffens arteries, putting pressure on the heart and increasing the likelihood of a heart attack or stroke, leading to warnings to cut down.

Numerous studies have recognised the benefits of coffee in cutting oral and esophageal cancer, the risk of a stroke and cirrhosis of the liver. 

The benefits are often linked to biologically active compounds including caffeine, flavonoids, lignans, and other polyphenols, which benefit the body. These and othetr coffee compounds regulate genes involved in DNA repair, have anti-inflammatory properties and are associated with lower risk of insulin resistance, which is linked to type-2 diabetes.

But as doctors warn, too much of anything is inadvisable. The British Heart Foundation found the heaviest coffee drinkers in the study were most likely to be men who smoked and drank alcohol regularly.

Excessive amounts of coffee also unsettle the stomach causing or contributing to stomach ulcers. It also stains the teeth over time, hampers absorption of minerals and vitamins like zinc and iron.

It also raises blood pressure, which is largely problematic for people with existing conditions.

So the heaviest drinkers of the black stuff - some in the study had up to 25 cups per day - may want to rein it in.

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Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

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Who is Mohammed Al Halbousi?

The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.

The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.

He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.

He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.

He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.

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From: Charsadda, Pakistan

Family: Wife and six children

Favourite holes at Al Ghazal: 15 and 8

Golf Handicap: 6

Childhood sport: cricket 

Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

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