Migrants being held in detention centres in the UK before they are sent to Rwanda could be tagged and released if legal action means the first deportation flight is delayed.
An urgent bid to block the June 14 flight will be heard at the High Court Friday.
Up to 130 people have been notified they could be removed on the inaugural flight, due to take off on Tuesday but increasingly likely to be delayed. Nine Afghans who fled to the UK after the Taliban takeover are among that number.
Lawyers for more than 90 migrants have already submitted legal challenges asking to stay in the UK, with the rest expected to follow soon.
The charity Care4Calais, the Public and Commercial Services union (PCS) and pressure group Detention Action are seeking a judicial review of the Rwanda scheme — which they have described as “unlawful”.
The PCS union represents more than 80 per cent of Border Force staff.
Asylum Aid is the latest organisation to join the campaign after it said its lawyers had applied on Thursday for an urgent injunction to stop the flight until its judicial review claim could be heard.
The refugee charity, supported by fellow campaign group Freedom From Torture, has asked for the claim to be considered alongside the existing application at Friday’s hearing.
The wave of legal action has cast doubt over whether the first flight will go ahead as planned.
Prime Minister Boris Johnson’s official spokesman said: “We remain confident in our position, should the legal challenges require us going to the courts we will argue our case. It’s true to say the first flight is due for next week so we have that ready to go.”
In the event of a delay, Home Office officials are understood to be prepared to release and monitor those who are being detained with measures which could include placing them on immigration bail and requiring them to sign on regularly at a reporting centre.
The department said it has not ruled out using GPS tagging, although officials confirmed this was not the current policy for the group due to be sent to Rwanda next week.
The government may have to allow the detainees to leave if the flight cannot happen in a reasonable time frame, in line with rules on immigration detention powers which prevent people facing removal being held indefinitely.
Conservative MP Peter Bone called for new legislation allowing deportations to Rwanda to be brought to the House of Commons “immediately” if current plans are stopped in the courts.
Meanwhile, there have been suggestions Zambia is among other countries which have reportedly expressed interest in taking UK asylum seekers, depending on how the Rwanda deal works out.
So far this year 10,020 migrants have crossed the Channel to the UK, analysis of government figures by the PA news agency shows.
The Rwanda policy does not rule out removing Ukrainians and Afghans fleeing conflict if they are deemed by the Home Office to have arrived in the UK illegally — prompting concern from campaigners — as the only nationality exempt from the scheme is Rwandans.
James Wilson, deputy director of Detention Action, said: “In her desire to punish people for seeking asylum by forcing them on to a plane to Rwanda, [Home Secretary] Priti Patel has overstepped her authority.
“By rushing through what we say is an unlawful policy, she is turning a blind eye to the many clear dangers and human rights violations that it would inflict on people seeking asylum.
“It’s vital that new government policies respect and uphold the laws that we all, as a society, have agreed to follow. That’s why we’re seeking an injunction to keep this plane to Rwanda from leaving the runway.”
Clare Moseley, founder of Care4Calais, said the vast majority of the 100 or so people being detained pending removal to Rwanda that lawyers have spoken to are “overwhelmed by total shock and despair”.
Mark Serwotka, general secretary of the PCS, said: “PCS is not prepared to countenance our members being put in potentially dangerous and traumatic situations, where they may be asked to act illegally.”
Dame Emma Thompson, who has an adopted son from the east African nation, has described the scheme as “eye-wateringly mad and callous” in interview with Sky News’ Beth Rigby, adding that the government’s approach “does not represent the soul of this country”.
Former minister Jesse Norman, who withdrew his long-standing support for Mr Johnson ahead of his confidence vote earlier this week, branded the policy “ugly, likely to be counterproductive and doubtful of legality”.
A Twitter account titled “Our Home Office”, purporting to be run by staff in the department, has been set up expressing its support for refugees amid reports that some civil servants oppose the plan.
It is understood senior Home Office officials are not aware of any staff who have refused to work on the policy.
A Home Office spokeswoman said the department “expected legal challenges, however we are determined to deliver this new partnership”, and that the policy “fully complies with international and national law”.
She added: “Currently all those in scope for the first flight to Rwanda are in detention — we have not ruled out the use of GPS tagging to monitor individuals if they are released from immigration detention.”
At the same time the department announced it had removed 33 foreign criminals, and two people “with no right to be in the UK”, to Albania.
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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.”
Company profile
Date started: December 24, 2018
Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer
Based: Dubai Media City
Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)
Sector: ConsumerTech and FinTech
Cashflow: Almost $1 million a year
Funding: Series A funding of $2.5m with Series B plans for May 2020
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Company%20profile
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Financial considerations before buying a property
Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.
“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says.
Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.
Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier.
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.