British Prime Minister Boris Johnson is under pressure over 'party gate' allegations following new photographs showing him at a drinks party during lockdown. EPA
British Prime Minister Boris Johnson is under pressure over 'party gate' allegations following new photographs showing him at a drinks party during lockdown. EPA
British Prime Minister Boris Johnson is under pressure over 'party gate' allegations following new photographs showing him at a drinks party during lockdown. EPA
British Prime Minister Boris Johnson is under pressure over 'party gate' allegations following new photographs showing him at a drinks party during lockdown. EPA

Rebels rise against Boris Johnson in push for coup


Damien McElroy
  • English
  • Arabic

In the days leading up to the national holiday for the platinum jubilee of Queen Elizabeth II, Boris Johnson has been caught out by a gathering storm of his own Conservative MPs signing up for a leadership contest against her majesty's first minister.

Doubts over the Conservative leader's position were triggered by sordid revelations around “Party Gate” last week and are being compounded by the pressures of a vicious cost-of-living crisis.

John Stevenson, the MP for Carlisle, became on Tuesday the latest Conservative backbencher to submit a letter calling for a vote of no confidence in Boris Johnson. The announcement follows three similar declarations on Monday, including a centrist former attorney general, Jeremy Wright, and a hardline Brexiteer, Andrew Bridgen. Close followers of the party have confirmed 28 MPs have asked for a vote, more than halfway to the threshold of 54.

Mr Stevenson said he had recently called on Mr Johnson to put himself forward for a confidence vote to “draw a line” under recent controversies but that the issue continued to fester. “The only option is for the Conservative MPs to facilitate a vote of confidence,” he said. “I have already take the appropriate action.”

Many Conservatives fear the loss of authority may already be terminal for the man who won a thumping general election victory in late 2019. “I do think we need firm leadership, a firmer leadership now,” said Andrea Thorpe, chairman of Maidstone and the Weald Conservative Association. “There’s more to it than party gate now, it’s the cost of living, it’s the fact that we’ve still got the National Insurance rise, we’ve still got VAT on fuel. All of these, these aren’t Conservative values and we’re not getting lower taxes … the police aren’t working, the NHS isn’t working and I think that’s the general feeling I’m getting.”

Britain’s ex-attorney general Jeremy Wright outside the supreme court, opposite parliament. Daniel Leal-Olivas / AFP
Britain’s ex-attorney general Jeremy Wright outside the supreme court, opposite parliament. Daniel Leal-Olivas / AFP

Former foreign secretary Lord Hague of Richmond said the prime minister is “in real trouble” and that Tory MPs are “moving towards having a ballot” on his leadership.

Allies of Mr Johnson had been hopeful he had escaped unscathed following a relatively muted initial response to Ms Gray’s report last week, but Lord Hague said it is proving to be “one of those sort of slow-fuse explosions in politics”.

“A lot of people misread it really, the events of last week as meaning the trouble is over, Boris is free and that’s actually not the mood in the Conservative Party, which is very, very troubled about the contents of that report,” he said. “So I think the Conservative Party will need to resolve this one way or another, obviously because to be an effective party they either need to rally behind the prime minister they’ve got, or they need to decide to force him out.

“I think they’re moving towards either next week or around the end of June, they are moving towards having a ballot, it looks like that.”

A steady stream of backbenchers have called on Mr Johnson to go after Ms Gray’s report laid bare a hard-drinking culture at the heart of government while raising renewed claims he misled parliament. Political veterans believe the premiership is now up for grabs.

“There is a real jitteriness around the parliamentary party of following a prime minister who isn’t really setting out a clear plan on necessarily where he wants to lead the country,” said Justine Greening, a former education secretary who stood down from parliament when Mr Johnson took over. “The reality is all prime ministers either have to get a grip or get out. That is a political rule that even Boris Johnson will need to follow.”

William Hague, then Shadow Foreign Secretary waits outside 1922 Committee room with ex-prime minister David Cameron
William Hague, then Shadow Foreign Secretary waits outside 1922 Committee room with ex-prime minister David Cameron

Sir Graham Brady, the chairman of the backbench 1922 Committee, must call a vote of confidence in Mr Johnson’s leadership if 54 Tory MPs — 15 per cent of the parliamentary party — submit a letter calling for one. Not all of those calling on Mr Johnson to go have said whether they have written to Sir Graham.

However, it is also widely believed in Westminster that a number of others have put in letters without declaring their intentions amid speculation the tally is approaching the total needed to trigger a vote.

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.

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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

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RESULT

Bayer Leverkusen 2 Bayern Munich 4
Leverkusen:
 Alario (9'), Wirtz (89')
Bayern: Coman (27'), Goretzka (42'), Gnabry (45'), Lewandowski (66')

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 Dictionary of Animal Languages
Heidi Sopinka
​​​​​​​Scribe

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

Updated: May 31, 2022, 3:21 PM