The senior Conservative Party backbencher who accused Downing Street of trying to “blackmail” MPs seeking to oust UK Prime Minister Boris Johnson is to meet police to discuss his allegations.
William Wragg said he will speak to a Scotland Yard detective in the House of Commons early next week, raising the prospect that police could open an investigation.
Downing Street has said it will not mount its own inquiry into the claims, despite calls to do so by both Conservative and opposition MPs.
A No 10 spokesman said it would open an inquiry only if it was presented with evidence to back up Mr Wragg’s assertions.
Mr Wragg, who is chairman of the Commons Public Administration and Constitutional Affairs Committee, said he believed an investigation should be for the “experts” in the police.
Chris Bryant, the senior MP who leads the Commons sleaze watchdog, said on Saturday that Government attempts to pressure Tory MPs seeking to oust Boris Johnson are illegal.
Mr Bryant, chairman of the Commons Standards Committee, said that threats to withdraw public funding from MPs’ constituencies amounted to “misconduct in public office” and should be referred to the police.
Mr Bryant, an opposition Labour MP, said he had spoken to “about a dozen” Conservatives in recent days who had either been threatened by Government whips with having funding cut from their constituencies or promised funding if they voted “the right way”.
“I have even heard MPs alleging that the prime minister himself has been doing this. What I have said to all of those people is that I think that is misconduct in public office,” he said.
“We don’t run a ‘pork barrel’ system. It is illegal,” Mr Bryant said. “We are meant to operate as MPs without fear or favour.
“The allocation of taxpayer funding to constituencies should be according to need, not according to the need to keep the Prime Minister in his job.”
A Metropolitan Police spokesman said: “As with any such allegations, should a criminal offence be reported to the Met, it would be considered.”
Inquiry into lockdown parties
Mr Wragg’s latest intervention comes as No 10 is braced for the expected delivery next week of the report of Sue Gray, the senior civil servant investigating lockdown parties in Downing St elsewhere in Whitehall.
It is likely to lead to renewed calls from opposition parties for a police investigation if there is any evidence Covid-19 rules were broken at events that include a gathering in May 2020 attended by Mr Johnson.
Opposition MPs are piling on pressure to ensure the full report is published after suggestions that only see the findings from the investigation will be released.
“Boris Johnson cannot be allowed to cover up or obscure any of the truth when he has insisted on a hugely protracted internal probe to tell him which parties he attended and what happened in his own home,” said Labour deputy leader Angela Rayner.
“The Sue Gray report must be published in its entirety with all accompanying evidence.”
Mr Wragg is one of seven Conservative MPs to have called publicly for the prime minister to resign. He stunned Westminster with allegations this week of a campaign of intimidation by No 10 that amounts to criminal conduct.
He said Conservative MPs trying to trigger a no-confidence vote in Mr Johnson had been told public funding for projects in their constituencies would be cut off and threatened with stories in the press to embarrass them.
Christian Wakeford, the Bury South MP who defected to Labour, later described how the Tory whips had threatened to withdraw funding for a new high school in his constituency if he rebelled in a vote over free school meals.
Report could be next pressure point
Ministers have sought to dismiss the allegations, insisting the whips had no role in the allocation of public funding.
Business Secretary Kwasi Kwarteng acknowledged on Friday that Mr Wakeford’s allegation was “very serious” and said he was “sure” it would be investigated.
But a spokesman for the prime minister said: “We’re not aware of any evidence to support what are clearly serious allegations.
“If there was any evidence to support it, it would of course be looked at.”
The latest disclosures will only fuel the febrile mood at Westminster, with Mr Johnson’s political survival hanging in the balance.
Mr Wakeford’s defection appeared to have put the plotting on hold as Tory MPs publicly rallied behind the leadership, while the rebels largely went to ground.
But the publication of Ms Gray’s report represents another moment of danger, potentially prompting a wave of letters to the chairman of the Tory back bench 1922 Committee, Sir Graham Brady.
Under party rules, there will be a confidence vote in Mr Johnson if 54 of the party’s MPs write to Mr Brady to call for one.
Mr Johnson is expected to spend the weekend at Chequers, his official country residence, ringing round potential rebels urging them not to plunge the dagger.
The Times reported the prime minister had reassembled the ministerial team which helped him mount his successful leadership bid in 2019 as he seeks to shore up support.
Transport Secretary Grant Shapps is playing a role in the operation with three former whips and other loyalists, it reported.
UAE currency: the story behind the money in your pockets
Liverpool's all-time goalscorers
Ian Rush 346
Roger Hunt 285
Mohamed Salah 250
Gordon Hodgson 241
Billy Liddell 228
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Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
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What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Sleep Well Beast
The National
4AD
Racecard
7pm: Abu Dhabi - Conditions (PA) Dh 80,000 (Dirt) 1,600m
7.30pm: Dubai - Maiden (TB) Dh82,500 (D) 1,400m
8pm: Sharjah - Maiden (TB) Dh82,500 (D) 1,600m
8.30pm: Ajman - Handicap (TB) Dh82,500 (D) 2,200m
9pm: Umm Al Quwain - The Entisar - Listed (TB) Dh132,500 (D) 2,000m
9.30pm: Ras Al Khaimah - Rated Conditions (TB) Dh95,000 (D) 1,600m
10pm: Fujairah - Handicap (TB) Dh87,500 (D) 1,200m
UAE-based players
Goodlands Riders: Jamshaid Butt, Ali Abid, JD Mahesh, Vibhor Shahi, Faizan Asif, Nadeem Rahim
Rose Hill Warriors: Faraz Sheikh, Ashok Kumar, Thabreez Ali, Janaka Chathuranga, Muzammil Afridi, Ameer Hamza
Company profile
Name: Dukkantek
Started: January 2021
Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani
Based: UAE
Number of employees: 140
Sector: B2B Vertical SaaS(software as a service)
Investment: $5.2 million
Funding stage: Seed round
Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office
UAE currency: the story behind the money in your pockets
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 201hp at 5,200rpm
Torque: 320Nm at 1,750-4,000rpm
Transmission: 6-speed auto
Fuel consumption: 8.7L/100km
Price: Dh133,900
On sale: now
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Last-16 Europa League fixtures
Wednesday (Kick-offs UAE)
FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm
Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm
Inter Milan v Getafe (one leg only) 11pm
Manchester United (5) v LASK (0) 11pm
Thursday
Bayer Leverkusen (3) v Rangers (1) 8.55pm
Sevilla v Roma (one leg only) 8.55pm
FC Basel (3) v Eintracht Frankfurt (0) 11pm
Wolves (1) Olympiakos (1) 11pm
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Scorline
Iraq 1-0 UAE
Iraq Hussein 28’
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
The specs: 2019 BMW X4
Price, base / as tested: Dh276,675 / Dh346,800
Engine: 3.0-litre turbocharged in-line six-cylinder
Transmission: Eight-speed automatic
Power: 354hp @ 5,500rpm
Torque: 500Nm @ 1,550rpm
Fuel economy, combined: 9.0L / 100km
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.”
Read more from Aya Iskandarani