Commuters arrive at London Waterloo railway station in London. Getty Images
Commuters arrive at London Waterloo railway station in London. Getty Images
Commuters arrive at London Waterloo railway station in London. Getty Images
Commuters arrive at London Waterloo railway station in London. Getty Images

UK reforms rail travel as virus slashes demand


Soraya Ebrahimi
  • English
  • Arabic

Britain on Thursday unveiled long-awaited reforms of the country's railways, including a centralised price and reservations system, but insisted it was not retreating on privatisation that started in the 1990s.

Launching a new public body, Great British Railways, the name of which has echoes of nationalised British Rail in the past century, Prime Minister Boris Johnson's pro-privatisation government will take much greater control of the sector.

"Great British Railways will integrate the railways, owning the infrastructure, collecting fare revenue, running and planning the network, and setting most fares and timetables," the Department for Transport said on Wednesday.

The government insisted its plan was "not re-nationalisation", and said that it believed state control "failed the railways".

"Rather, it is simplification," it said. "Private companies will be contracted to run the trains, with stronger competition to run services."

Britain's rail tracks are already in state hands but the trains are run by mostly private companies enjoying large government subsidies.

Since the privatisation of the sector in the mid-1990s, however, the taxpayer has been forced to take over control of franchises that run into financial trouble.

The government plans to lift most Covid restrictions from June 21, and said it would offer flexible season tickets as many office workers were expected to continue working from home.

"I am a great believer in rail but for too long passengers have not had the level of service they deserve," Mr Johnson said.

"By creating Great British Railways, and investing in the future of the network, this government will deliver a rail system the country can be proud of."

The announcement comes after the government in September ended the train operators' franchise system that existed for 24 years.

The arrangement was criticised by train companies and passengers for its inefficiency.

During the pandemic, the state handed significant financial support to the badly derailed sector.

Britain launched its "root and branch" review of the rail sector before the pandemic struck, as commuters battled frustratingly frequent delays and persistently high fares.

Recommendations put forward by review chairman Keith Williams, a former British Airways chief executive, have since taken into account the pandemic's effects on the railways.

The latest plan "is built around the passenger, with new contracts that prioritise excellent performance and better services, better value fares, and creating clear leadership and real accountability when things go wrong", Mr Williams said.

"Our railway history, rich with Victorian pioneers and engineers, steam and coal, industry and ingenuity, demands a bright future."

Official data has shown that about 35 million UK rail journeys were made in the second quarter of 2020 amid the country's first lockdown, down from more than 400 million a year earlier.

This was a level last seen in the mid-19th century, the Office of Rail and Road said.

Transport Secretary Grant Shapps said Great British Railways, a result of the Williams-Shapps Plan, offers "a modern and green railway", helping the UK to meet its net-zero carbon emissions targets.

The latest train reforms come as Britain looks ahead to two major railway building projects this decade.

Construction on HS2, a high-speed railway connecting London with cities in the north of England, began last year.

Mr Johnson claims that the project, which is to cost more than £100 billion ($141.18bn) funded mostly by the state and will take years to build, will help the country to get back on its feet after the pandemic.

Before the global health crisis struck, Mr Johnson regarded HS2 as a key infrastructure project aimed at helping to drive Britain's post-Brexit economy.

Meanwhile, London's new "Elizabeth" railway, connecting the capital's centre with Heathrow airport, is due to open next year after massive cost overruns and delays.

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Moral education needed in a 'rapidly changing world'

Moral education lessons for young people is needed in a rapidly changing world, the head of the programme said.

Alanood Al Kaabi, head of programmes at the Education Affairs Office of the Crown Price Court - Abu Dhabi, said: "The Crown Price Court is fully behind this initiative and have already seen the curriculum succeed in empowering young people and providing them with the necessary tools to succeed in building the future of the nation at all levels.

"Moral education touches on every aspect and subject that children engage in.

"It is not just limited to science or maths but it is involved in all subjects and it is helping children to adapt to integral moral practises.

"The moral education programme has been designed to develop children holistically in a world being rapidly transformed by technology and globalisation."

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Fixtures and results:

Wed, Aug 29:

  • Malaysia bt Hong Kong by 3 wickets
  • Oman bt Nepal by 7 wickets
  • UAE bt Singapore by 215 runs

Thu, Aug 30: UAE v Nepal; Hong Kong v Singapore; Malaysia v Oman

Sat, Sep 1: UAE v Hong Kong; Oman v Singapore; Malaysia v Nepal

Sun, Sep 2: Hong Kong v Oman; Malaysia v UAE; Nepal v Singapore

Tue, Sep 4: Malaysia v Singapore; UAE v Oman; Nepal v Hong Kong

Thu, Sep 6: Final

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Defenders Alexander-Arnold, Chilwell, Coady, Dier, Gomez, Keane, Maguire, Maitland-Niles, Mings, Saka, Trippier, Walker.

Midfielders Henderson, Mount, Phillips, Rice, Ward-Prowse, Winks.

Forwards Abraham, Barnes, Calvert-Lewin, Grealish, Ings, Kane, Rashford, Sancho, Sterling.

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Evacuations to France hit by controversy
  • Over 500 Gazans have been evacuated to France since November 2023
  • Evacuations were paused after a student already in France posted anti-Semitic content and was subsequently expelled to Qatar
  • The Foreign Ministry launched a review to determine how authorities failed to detect the posts before her entry
  • Artists and researchers fall under a programme called Pause that began in 2017
  • It has benefited more than 700 people from 44 countries, including Syria, Turkey, Iran, and Sudan
  • Since the start of the Gaza war, it has also included 45 Gazan beneficiaries
  • Unlike students, they are allowed to bring their families to France
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Company name: Spare

Started: March 2018

Co-founders: Dalal Alrayes and Saurabh Shah

Based: UAE

Sector: FinTech

Investment: Own savings. Going for first round of fund-raising in March 2019

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Federer's 19 grand slam titles

Australian Open (5 titles) - 2004 bt Marat Safin; 2006 bt Marcos Baghdatis; 2007 bt Fernando Gonzalez; 2010 bt Andy Murray; 2017 bt Rafael Nadal

French Open (1 title) - 2009 bt Robin Soderling

Wimbledon (8 titles) - 2003 bt Mark Philippoussis; 2004 bt Andy Roddick; 2005 bt Andy Roddick; 2006 bt Rafael Nadal; 2007 bt Rafael Nadal; 2009 bt Andy Roddick; 2012 bt Andy Murray; 2017 bt Marin Cilic

US Open (5 titles) - 2004 bt Lleyton Hewitt; 2005 bt Andre Agassi; 2006 bt Andy Roddick; 2007 bt Novak Djokovic; 2008 bt Andy Murray

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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.

Past winners of the Abu Dhabi Grand Prix

2016 Lewis Hamilton (Mercedes-GP)

2015 Nico Rosberg (Mercedes-GP)

2014 Lewis Hamilton (Mercedes-GP)

2013 Sebastian Vettel (Red Bull Racing)

2012 Kimi Raikkonen (Lotus)

2011 Lewis Hamilton (McLaren)

2010 Sebastian Vettel (Red Bull Racing)

2009 Sebastian Vettel (Red Bull Racing)

 

MATCH INFO

Day 2 at the Gabba

Australia 312-1 

Warner 151 not out, Burns 97,  Labuschagne 55 not out

Pakistan 240 

Shafiq 76, Starc 4-52