Traffic information signs near Edinburgh urge motorists to stay at home - an increase in car journeys across the UK suggests they aren't any more. Getty
Traffic information signs near Edinburgh urge motorists to stay at home - an increase in car journeys across the UK suggests they aren't any more. Getty
Traffic information signs near Edinburgh urge motorists to stay at home - an increase in car journeys across the UK suggests they aren't any more. Getty
Traffic information signs near Edinburgh urge motorists to stay at home - an increase in car journeys across the UK suggests they aren't any more. Getty

In charts: car use back to pre-Covid levels in UK but public transport lags behind


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The percentage of cars on UK roads is just 3 per cent below pre-pandemic levels , Apple Mobility Trends data showed.

Walkers were also out more in recent weeks, and the percentage of those making journeys on foot is now only 11 per cent lower than in January 2020.

Public transport lags behind, however, with 31 per cent fewer people opting to share their travelling space with others.

"I think it's unsurprising to see overall car usage across the UK back to pre-Covid levels," said Ben Foulser, head of mobility at KPMG.

He cited the recent loosening of coronavirus restrictions as instrumental in getting people back behind the wheel.

"People wanted to get out and about over the Easter holiday period.

"When you tell people they can go and see friends and family in the garden, they will do it – and in the majority of cases they will drive there."

But Mr Foulser conceded that the trend began in January when lockdown was still in full swing.

"I think part of it will be increased confidence in travelling," he said, which he ascribed to the UK's vaccination programme and a feeling that the public's actions are less scrutinised by authorities than they were last year.

More people back in cars and fewer on public transport certainly bodes well for an under-the-pump automotive industry and the wider economy.

"In the end, there needs to be some sort of normality or people will question why they still have cars," said Steve Young, managing director of automotive analysts ICDP.

The pairing of a resurgence in car use and the UK's commitment to banning sales of petrol and diesel vehicles by 2030 is incompatible. The importance of public transport use reviving is manifest.

The next few months will be telling as to whether it remains in the Covid doldrums or makes a recovery, Mr Young said.

Even in London, where public transport infrastructure is sprawling and comprehensive, Apple data showed that throughout the pandemic levels of use fell well below pre-pandemic norms.

Mr Foulser is optimistic that public transport will recover but said that the government must embark on a PR campaign to reassure people that it is "a clean and appropriate way of getting around".

He raised an important caveat about the Apple data, which is based on requests to Apple Maps software: many people making regular journeys on public transport do not require it.

This could explain why in the first few months of 2020 there was a spike in the percentage of people walking as they became accustomed to new routes using neither cars nor public transport.

Apple data also revealed the challenges of national policymaking when trends across the UK's regions differ so markedly.

In Glasgow car use currently exceeds pre-Covid levels by 6 per cent.

Compare this with Bristol where it is 19 per cent below normal.

Mr Foulser believes such disparities can be assigned to a combination of employment and demographic characteristics.

"Cities like London have big services industries where people can work from home a lot more, unlike in Glasgow, where there is more manual industry forcing people to go work."

But whether in London or Glasgow, Mr Foulser is clear on the challenge faced by the UK government: getting people to share transport again.

"You can't sustain low levels of public transport use on a revenue basis – the taxpayer can't sustain it."

The UK's secession from the EU is also a factor.

"Given Brexit, we need to think in terms of freeing up road space for logistics which need to be as efficient as possible," he said.

Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

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What can victims do?

Always use only regulated platforms

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Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

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Courtesy: Crystal Intelligence

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
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  • Upload the training certificate from a centre accredited by the GCAA
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What are the regulations?
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Key findings of Jenkins report
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  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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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.”

The specs
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