Who are the Tory leadership candidates?


Damien McElroy
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Two Conservative Party candidates are seeking to replace Boris Johnson as party leader and prime minster, and lead the country as it tackles a set of crises that includes war in Ukraine and rising inflation.

Former chancellor Rishi Sunak and Foreign Secretary Liz Truss will go head-to-head in a leadership contest after each securing enough backing from MPs. They will now have to seek support among nationwide party members to become the winner.

Suella Braverman, Tom Tugendhat, Kemi Badenoch and Penny Morduant all dropped out of the race after failing to gain enough votes from their parliamentary peers.

Mr Johnson, the departing Prime Minister, wanted to stay in place until October but there was a backlash against him holding on in Downing Street until then, and now a replacement is expected to be in position by September 5.

How does the election work?

The first election rounds involve only the Conservative Parliamentary Party before a final run-off vote involving the vast majority of party members.

The Conservative backbench 1922 Committee set a timetable for the first rounds of the contest. At least eight MPs' nominations were required for any candidate to enter the first round.

The next hurdle was to secure 30 votes from MPs in the first round of a series of ballots among MPs.

Contenders who did not have the support of 10 per cent of the parliamentary party’s 358 MPs had to bow out.

In the next rounds of voting, the candidate placed last in each vote was removed from the contest.

Once the final pair was picked by MPs, the vote opens up to all Conservative Party members. Before the winner is decided in a final ballot, a series of debates and election events will be held around the country.

Contenders

Rishi Sunak

Rishi Sunak, best known as the former chancellor of the exchequer, who became a household name especially during the early days of the Covid-19 pandemic. The National
Rishi Sunak, best known as the former chancellor of the exchequer, who became a household name especially during the early days of the Covid-19 pandemic. The National

Rishi Sunak was elevated from a junior role to No 11 Downing Street in early 2020, after Sajid Javid's resignation over policy differences with Boris Johnson.

After Covid-19 struck, Mr Sunak stepped to the fore of the government's pandemic response with measures to support workers and businesses.

With a slick social media campaign backed by graphics, he had soon created a personal brand and led the rankings for a future leadership bid.

Mr Sunak was elected in 2015 in the seat of Richmond in North Yorkshire, but his reputation was recently tarnished by a fine in the “Partygate” scandal.

Liz Truss

Liz Truss, the current Foreign Secretary, is the longest continuously serving member of the UK Cabinet. The National
Liz Truss, the current Foreign Secretary, is the longest continuously serving member of the UK Cabinet. The National

Liz Truss held positions under David Cameron and Theresa May before being appointed by Mr Johnson, and is the longest continuously serving member of the Cabinet.

A burst of favourable headlines, such as “Liz Truss: the new Iron Lady?” surrounded the Foreign Secretary this year.

Like Margaret Thatcher, the Conservative prime minister from 1979 to 1990, Ms Truss has a deep interest in economic reform and supports right-wing policies to free up the economy and lower taxes.

Her former backing for the Remain campaign to stay in the European Union is still a handicap for her ambitions.

Ms Truss announced her bid to become Tory leader on Sunday evening, pledging to reverse the national insurance increase and “keep corporation tax competitive”.

Candidates knocked out:

Penny Mordaunt

Penny Mordaunt. The National
Penny Mordaunt. The National

International Trade Minister Penny Mordaunt, in announcing that she would run for the top job, said the UK’s leadership “needs to become a little less about the leader and a lot more about the ship”.

Ms Mordaunt, 49, a former Royal Navy reservist who has also held several senior ministerial roles, is not among the front-runners to succeed Mr Johnson in recent polls of Tory party members ultimately set to choose their new leader.

But such contests are notoriously unpredictable, and with a range of politicians from different factions of the ruling party possibly set to run, political commentators say few contenders can be discounted.

Kemi Badenoch

Kemi Badenoch. The National
Kemi Badenoch. The National

A former equalities minister, she put herself forward as a candidate to become the new Conservative leader, promising “limited government” and “a focus on the essentials”.

The MP said she supports lower taxes “to boost growth and productivity, and accompanied by tight spending discipline”.

Writing in The Times, she hit out at “identity politics” and said Boris Johnson was “a symptom of the problems we face, not the cause of them”.

“People are exhausted by platitudes and empty rhetoric. Loving our country, our people or our party is not enough,” she said.

Tom Tugendhat

Tom Tudgenhat. The National
Tom Tudgenhat. The National

Tom Tugendhat, a former soldier and civil servant, took a leading role as a critic of the government's handling of the Afghanistan crisis.

A “One Nation” Conservative, Mr Tugendhat said it would be a “huge privilege” to serve as prime minister. He has said he will “go for it” if fellow Tories give him their backing to join the race.

Although lacking ministerial experience, Mr Tugendhat's role as a close military and security adviser to the UK high command a decade ago could be seen as preparation for the job.

Suella Braverman

Suella Braverman. Photo: UK Parliament
Suella Braverman. Photo: UK Parliament

Ms Braverman is the Attorney General for England and Wales. She was a Brexit-supporting MP and is considered to be on the right of the party.

She is the MP for Fareham in 2015 and was appointed to her current post in February 2020.

She is the daughter of Christie and Uma Fernandes, from Kenya and Mauritius, who emigrated to Britain in the 1960s.

Nadhim Zahawi

Chancellor Nadhim Zahawi poses for a photograph outside the HM Treasury in Westminster. PA
Chancellor Nadhim Zahawi poses for a photograph outside the HM Treasury in Westminster. PA

Nadhim Zahawi was born in Iraq in 1967 in the year the Baath political party regained power. He came from a relatively prominent Kurdish family whose grandfather had been the governor of the Central Bank of Iraq.

After fleeing as a refugee to the UK, he faced difficulties adapting to his life, especially his struggles with the English language and bullies at school.

After a successful career in business, including a role in launching the polling agency YouGov, he entered politics and became MP for Stratford-upon-Avon, William Shakespeare's birthplace.

As a minister he rose from junior roles, including being in charge of the vaccines brief during the Covid-19 pandemic, to be named education secretary.

Mr Zahawi moved into Downing Street as the Chancellor of the Exchequer two days before Mr Johnson's resignation.

Jeremy Hunt

Jeremy Hunt walks outside Downing Street in London. Reuters
Jeremy Hunt walks outside Downing Street in London. Reuters

Jeremy Hunt lost out in the 2019 Conservative leadership contest, as Mr Johnson's vow to leave the EU without a deal led to 66 per cent of the vote. Mr Johnson promptly sacked Mr Hunt as foreign secretary.

The entrepreneur and long-time UK health secretary has used his position as chairman of a select committee to keep his profile high.

He has refused to rule out another run at the leadership, taking a hostile stand against Mr Johnson in the confidence vote on his leadership last month.

Even aside from his credentials, one of his strengths as a candidate would stem from not being tainted by being part of Mr Johnson's Cabinet.

Grant Shapps

Britain's Transport Secretary Grant Shapps. EPA
Britain's Transport Secretary Grant Shapps. EPA

Transport Secretary Grant Shapps also set out his stance for lower taxes in a Sunday morning television appearance.

People are far more interested in “bread and butter issues” like the cost of living than a debate about trans rights, Grant Shapps has said.

The Conservative leadership candidate said the UK does not “need to get caught up” in a culture war on the issue.

Asked if voters are interested in a so-called war on woke, Mr Shapps said: “If people want a PM who’s talking about woke issues at all, it’s just not me, don’t vote for me.

“I am interested in the bread and butter issues that your viewers will be thinking about every single day of the week.

“I am a libertarian, I’m liberal both economically but also socially. Let’s let live. Let people live their lives.

“I just don’t think we need to get caught up in some US-style debate and sort of almost aggressive war on these issues. It’s just not necessary.”

Sajid Javid

Conservative politician Sajid Javid. AFP
Conservative politician Sajid Javid. AFP

Announcing his bid in The Sunday Telegraph, Mr Javid and Mr Hunt vowed to cut corporation tax from 25 to 15 per cent.

Mr Javid said he would also slash or change other taxes, including reversing a recent rise in national insurance that was aimed at raising health service funding.

“We cannot fall into a low-growth trap like many other countries have across Europe — we must cut taxes,” he told the BBC on Sunday.

Mr Javid also said the UK should consider ripping up old EU laws “to make us a more pro-business, wealth-creating, entrepreneurial economy”.

Rehman Chishti

Rehman Chishti. PA
Rehman Chishti. PA

Newly-appointed Foreign Office minister Rehman Chishti, in announcing that he was running to be the next Tory leader, said on Twitter: “For me it’s about aspirational conservatism, fresh ideas, fresh team for a fresh start taking our great country forward.”

Nick Donaldson / The National
Nick Donaldson / The National
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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.”

Most sought after workplace benefits in the UAE
  • Flexible work arrangements
  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 
The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

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Fight card

1. Bantamweight: Victor Nunes (BRA) v Siyovush Gulmamadov (TJK)

2. Featherweight: Hussein Salim (IRQ) v Shakhriyor Juraev (UZB)

3. Catchweight 80kg: Rashed Dawood (UAE) v Khamza Yamadaev (RUS)

4. Lightweight: Ho Taek-oh (KOR) v Ronald Girones (CUB)

5. Lightweight: Arthur Zaynukov (RUS) v Damien Lapilus (FRA)

6. Bantamweight: Vinicius de Oliveira (BRA) v Furkatbek Yokubov (RUS)

7. Featherweight: Movlid Khaybulaev (RUS) v Zaka Fatullazade (AZE)

8. Flyweight: Shannon Ross (TUR) v Donovon Freelow (USA)

9. Lightweight: Mohammad Yahya (UAE) v Dan Collins (GBR)

10. Catchweight 73kg: Islam Mamedov (RUS) v Martun Mezhulmyan (ARM)

11. Bantamweight World title: Jaures Dea (CAM) v Xavier Alaoui (MAR)

12. Flyweight World title: Manon Fiorot (FRA) v Gabriela Campo (ARG)

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.

Normcore explained

Something of a fashion anomaly, normcore is essentially a celebration of the unremarkable. The term was first popularised by an article in New York magazine in 2014 and has been dubbed “ugly”, “bland’ and "anti-style" by fashion writers. It’s hallmarks are comfort, a lack of pretentiousness and neutrality – it is a trend for those who would rather not stand out from the crowd. For the most part, the style is unisex, favouring loose silhouettes, thrift-shop threads, baseball caps and boyish trainers. It is important to note that normcore is not synonymous with cheapness or low quality; there are high-fashion brands, including Parisian label Vetements, that specialise in this style. Embraced by fashion-forward street-style stars around the globe, it’s uptake in the UAE has been relatively slow.

The specs

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GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • 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."
How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
'Munich: The Edge of War'

Director: Christian Schwochow

Starring: George MacKay, Jannis Niewohner, Jeremy Irons

Rating: 3/5

Five expert hiking tips
    Always check the weather forecast before setting off Make sure you have plenty of water Set off early to avoid sudden weather changes in the afternoon Wear appropriate clothing and footwear Take your litter home with you
UAE currency: the story behind the money in your pockets
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

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

Jebel Ali Dragons 26 Bahrain 23

Dragons
Tries: Hayes, Richards, Cooper
Cons: Love
Pens: Love 3

Bahrain
Tries: Kenny, Crombie, Tantoh
Cons: Phillips
Pens: Phillips 2

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Fighting with My Family

Director: Stephen Merchant 

Stars: Dwayne Johnson, Nick Frost, Lena Headey, Florence Pugh, Thomas Whilley, Tori Ellen Ross, Jack Lowden, Olivia Bernstone, Elroy Powell        

Four stars

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

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The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

Updated: July 22, 2022, 9:27 AM