• Conservative Party members will chose between Liz Truss and Rishi Sunak in the race to become Britain's next prime minister, after Penny Mordaunt was eliminated. PA
    Conservative Party members will chose between Liz Truss and Rishi Sunak in the race to become Britain's next prime minister, after Penny Mordaunt was eliminated. PA
  • Rishi Sunak — former chancellor who resigned from his position last week. In a slick campaign video he said the government could not afford to fool voters about the difficulties ahead with ‘comforting fairy tales’. Getty Images
    Rishi Sunak — former chancellor who resigned from his position last week. In a slick campaign video he said the government could not afford to fool voters about the difficulties ahead with ‘comforting fairy tales’. Getty Images
  • Liz Truss — the UK’s Foreign Secretary has pledged to start cutting taxes 'from day one' if she becomes prime minister, to tackle the cost-of-living crisis. She has also vowed to ‘take the vital steps necessary’ to protect the Good Friday Agreement. Getty Images
    Liz Truss — the UK’s Foreign Secretary has pledged to start cutting taxes 'from day one' if she becomes prime minister, to tackle the cost-of-living crisis. She has also vowed to ‘take the vital steps necessary’ to protect the Good Friday Agreement. Getty Images
  • OUT OF THE RACE: Penny Mordaunt — Brexit-backing Trade Minister has insisted the Conservative Party was elected to ‘deliver a manifesto’. She played a prominent role in the Leave campaign in the 2016 referendum. Reuters
    OUT OF THE RACE: Penny Mordaunt — Brexit-backing Trade Minister has insisted the Conservative Party was elected to ‘deliver a manifesto’. She played a prominent role in the Leave campaign in the 2016 referendum. Reuters
  • OUT OF THE RACE: Kemi Badenoch — former equalities minister has promised 'limited government' and 'a focus on the essentials'. She has said Boris Johnson was 'a symptom of the problems we face, not the cause of them'. Photo: UK Parliament
    OUT OF THE RACE: Kemi Badenoch — former equalities minister has promised 'limited government' and 'a focus on the essentials'. She has said Boris Johnson was 'a symptom of the problems we face, not the cause of them'. Photo: UK Parliament
  • OUT OF THE RACE: Tom Tugendhat —Foreign Affairs Committee chairman and ‘Remainer’ aims to reverse the national insurance rise. He says the presence of Brexit party and Leave figures on his team is reassuring for Brexiteers. Reuters
    OUT OF THE RACE: Tom Tugendhat —Foreign Affairs Committee chairman and ‘Remainer’ aims to reverse the national insurance rise. He says the presence of Brexit party and Leave figures on his team is reassuring for Brexiteers. Reuters
  • OUT OF THE RACE: Suella Braverman — current Attorney General has promised 'rapid and large tax cuts' to ease inflation. She has said the energy crisis means 'we must suspend the all-consuming desire to achieve net zero by 2050'. Reuters
    OUT OF THE RACE: Suella Braverman — current Attorney General has promised 'rapid and large tax cuts' to ease inflation. She has said the energy crisis means 'we must suspend the all-consuming desire to achieve net zero by 2050'. Reuters
  • OUT OF THE RACE: Nadhim Zahawi — newly appointed Chancellor has promised to cut taxes and push ahead with the reforms he started in his previous role as education secretary, to ‘deliver a great education for every child’. PA
    OUT OF THE RACE: Nadhim Zahawi — newly appointed Chancellor has promised to cut taxes and push ahead with the reforms he started in his previous role as education secretary, to ‘deliver a great education for every child’. PA
  • OUT OF THE RACE: Jeremy Hunt — runner-up to Boris Johnson in the 2019 leadership race, who has pledged to slash corporation tax to 15 per cent. He has also promised to back the Northern Ireland Protocol Bill. AFP
    OUT OF THE RACE: Jeremy Hunt — runner-up to Boris Johnson in the 2019 leadership race, who has pledged to slash corporation tax to 15 per cent. He has also promised to back the Northern Ireland Protocol Bill. AFP
  • OUT OF THE RACE: Rehman Chishti — newly appointed Foreign Office minister had spoken of the importance of lower taxes and having a small state with a big society. 'It’s about aspirational conservatism, it’s about fresh ideas and then it comes down to having a fresh team.' Getty Images
    OUT OF THE RACE: Rehman Chishti — newly appointed Foreign Office minister had spoken of the importance of lower taxes and having a small state with a big society. 'It’s about aspirational conservatism, it’s about fresh ideas and then it comes down to having a fresh team.' Getty Images
  • OUT OF THE RACE: Sajid Javid — experienced former health secretary had planned to scrap the government’s national insurance increase, bring forward the proposed 1p income tax cut to next year and introduce a further ‘significant’ temporary reduction on fuel duty. PA
    OUT OF THE RACE: Sajid Javid — experienced former health secretary had planned to scrap the government’s national insurance increase, bring forward the proposed 1p income tax cut to next year and introduce a further ‘significant’ temporary reduction on fuel duty. PA
  • OUT OF THE RACE: Grant Shapps — the Transport Secretary had said on TV: 'I am interested in the bread-and-butter issues that your viewers will be thinking about every single day of the week.' AP
    OUT OF THE RACE: Grant Shapps — the Transport Secretary had said on TV: 'I am interested in the bread-and-butter issues that your viewers will be thinking about every single day of the week.' AP

Knockout day in Tory leadership race as MPs to vote out 'candidate they don't want'


Thomas Harding
  • English
  • Arabic

The outcome of the Conservative Party leadership race for Britain’s next prime minister was hanging on a knife edge on Wednesday after the fourth ballot of MPs.

The fight for second spot is now difficult to determine, with Liz Truss potentially edging ahead of Penny Mordaunt as the favourite.

Whoever wins that race will almost certainly be up against Rishi Sunak but with the latest polling showing that both women are far ahead of beating the former chancellor among the Conservative membership, either could end up as prime minister.

Key to whoever wins that race will be how the 59 MPs who backed Kemi Badenoch decide to vote. There is some expectation that the majority of them will go for the Foreign Secretary Ms Truss, who attracted a significant 15 new backers taking her to 86 votes.

She is now only six votes behind the early favourite Ms Mordaunt, whose vote base increased by 10 to 92.

Mr Sunak landed a marginal three vote increase in his share, achieving 118 backers which would leave him only two short of achieving the magic 120 needed to guarantee a second round spot.

Those supporting Ms Badenoch are thought to be a mixed group of MPs and it is unclear which way their 59 votes will be split between the three remaining candidates.

Ms Mordaunt had been expected to receive the majority of Tom Tugendhat’s 31 votes after he was eliminated on Monday but it did not turn out that way.

The three candidates made their final pitches to MPs before Wednesday's vote, with Mr Sunak promising Tory members that he would keep wind farms away from their homes even as he promised to pursue energy independence by 2045.

Ms Mordaunt made a raft of policy statements including plans for a tougher line on China, digitalisation of the public sector, reforms to the housing market and powers to stop the release of violent criminals.

And Ms Truss put her focus on tax cuts and bringing down the cost of living, in an article for the Daily Telegraph in which she said she was the "only person who can deliver the change... in line with true Conservative principles".

To guarantee a spot in the last two, Ms Mordaunt, a former defence secretary, will need half of Ms Badenoch’s votes.

But there is also the possibility that some MPs may well change their minds at the last minute, making the outcome unpredictable even for Mr Sunak.

“Tomorrow’s vote is what I refer to as ‘moving day’, in which everyone will decide who they don’t want rather than who do they want,” said the former Conservative leader Iain Duncan Smith, who backs Ms Truss. “Momentum matters in this contest and I’m sorry for Kemi that she is out — this is a really brutal business — but I think momentum is with Liz now.”

With the margins so tight, each vote counts and the unexpected removal of the party whip from Tobias Ellwood for not attending Monday’s no-confidence vote could be significant.

  • Kemi Badenoch has been knocked out of the race to become Britain's next prime minister. Getty Images
    Kemi Badenoch has been knocked out of the race to become Britain's next prime minister. Getty Images
  • Ms Badenoch speaks during a live television debate for the candidates for leadership of the Conservative Party, hosted by Channel 4 in London. AP
    Ms Badenoch speaks during a live television debate for the candidates for leadership of the Conservative Party, hosted by Channel 4 in London. AP
  • She arrives at television studios in Stratford, east London, before a television debate. PA
    She arrives at television studios in Stratford, east London, before a television debate. PA
  • Kemi Badenoch, third left, is pictured in No 11 Downing Street while serving as Exchequer Secretary to the Treasury, in 2021. Getty Images
    Kemi Badenoch, third left, is pictured in No 11 Downing Street while serving as Exchequer Secretary to the Treasury, in 2021. Getty Images
  • Ms Badenoch is a former equalities minister. Photo: HM Treasury
    Ms Badenoch is a former equalities minister. Photo: HM Treasury
  • She had promised 'limited government' and 'a focus on the essentials'. Photo: UK Parliament
    She had promised 'limited government' and 'a focus on the essentials'. Photo: UK Parliament

Mr Ellwood, who was in Moldova for discussions on the Ukraine war but not on official government business, will not be eligible to vote.

He was an outspoken critic of Mr Johnson’s leadership and removing the whip is considered a final act of revenge.

The outcome for the final pair will be announced at 4pm on Wednesday. The contest is then opened up to the estimated 160,000 Tory membership who will vote by postal ballot with the winner declared on September 5.

Badenoch goes from unknown to real prospect

The rise of Kemi Badenoch and her growing popularity among grass root Conservatives had been a remarkable revelation in the Tory leadership contest.

The 42-year-old came from being virtually unknown to nationwide recognition during the television debates in which her no-nonsense straight talking won praise.

This drew the Conservative heavyweight thinker Michael Gove to act as a campaign chief, realising the prospect of a rising star.

“She has three qualities which are what any new leader or any new prime minister will need — courage, conviction and clarity,” he told a Policy Exchange event on Tuesday.

Ms Badenoch, whose parents are Nigerian, is unrepentantly right wing — hard on immigration, uncompromising on the deportations of illegal asylum seekers to Rwanda and anti-woke.

The MP for Saffron Walden, Essex, who was in a tranche of ministers who resigned over Boris Johnson’s lack of integrity, set out her thinking in a widely read piece in The Times.

“People are exhausted by platitudes and empty rhetoric,” she wrote, adding that “an intellectual grasp of what is required to run the country" is missing.

She also lamented the decline of the West. “Without change the Conservative Party, Britain and the western world will continue to drift" and rivals will "outpace us economically and outmanoeuvre us internationally”, she wrote.

Her rise is also an interesting commentary on the diversity of the Conservative Party, which has traditionally been a white, male-dominated party. It will now either have a female or ethnic minority man as its next leader and prime minister.

UK Conservatives on the leadership campaign trail - in pictures

  • Candidates Rishi Sunak and Liz Truss at the Conservative Party leadership election hustings at Wembley Arena, London. This was the final hustings attended by Tory Party members who will vote for the new leader and next prime minister. EPA
    Candidates Rishi Sunak and Liz Truss at the Conservative Party leadership election hustings at Wembley Arena, London. This was the final hustings attended by Tory Party members who will vote for the new leader and next prime minister. EPA
  • Liz Truss addresses Conservative Party members at Wembley Arena. AP
    Liz Truss addresses Conservative Party members at Wembley Arena. AP
  • Mr Sunak puts forward his case to be leader while speaking at Wembley Arena. Bloomberg
    Mr Sunak puts forward his case to be leader while speaking at Wembley Arena. Bloomberg
  • Mr Sunak visits his family's old business, Bassett Pharmacy in Southampton, while on the campaign trail. Reuters
    Mr Sunak visits his family's old business, Bassett Pharmacy in Southampton, while on the campaign trail. Reuters
  • Ms Truss speaks to staff at Condimentum Ltd at the Food Enterprise Park in Norwich. Getty Images
    Ms Truss speaks to staff at Condimentum Ltd at the Food Enterprise Park in Norwich. Getty Images
  • A Rishi Sunak supporter at a hustings event in Norfolk. PA
    A Rishi Sunak supporter at a hustings event in Norfolk. PA
  • Mr Sunak greets people at a leadership hustings in Manchester. Bloomberg
    Mr Sunak greets people at a leadership hustings in Manchester. Bloomberg
  • Ms Truss poses for a selfie with a supporter as she arrives for the event in Manchester. Getty
    Ms Truss poses for a selfie with a supporter as she arrives for the event in Manchester. Getty
  • Rishi Sunak looks through the sights of an anti-tank missile launcher, supplied to Ukraine, during a visit to the Thales Defence System plant in Belfast, Northern Ireland. AP
    Rishi Sunak looks through the sights of an anti-tank missile launcher, supplied to Ukraine, during a visit to the Thales Defence System plant in Belfast, Northern Ireland. AP
  • Liz Truss at a Conservative Party leadership campaign event in Belfast. Getty
    Liz Truss at a Conservative Party leadership campaign event in Belfast. Getty
  • Liz Truss meets supporters before a hustings in Perth, Scotland. Getty
    Liz Truss meets supporters before a hustings in Perth, Scotland. Getty
  • Rishi Sunak speaks during a campaign visit to Cluny Castle in Inverurie, Scotland. Getty
    Rishi Sunak speaks during a campaign visit to Cluny Castle in Inverurie, Scotland. Getty
  • Police hold back protesters outside Perth Concert Hall, Scotland, where Conservative leadership candidates Liz Truss and Rishi Sunak were speaking. PA
    Police hold back protesters outside Perth Concert Hall, Scotland, where Conservative leadership candidates Liz Truss and Rishi Sunak were speaking. PA
  • A mural showing the two leadership contestants appears on a wall in Belfast, Northern Ireland. AP
    A mural showing the two leadership contestants appears on a wall in Belfast, Northern Ireland. AP
  • Rishi Sunak during a visit to St John's Wood Synagogue, north London. PA
    Rishi Sunak during a visit to St John's Wood Synagogue, north London. PA
  • Liz Truss at the Conservative Party leadership election hustings in Cheltenham. EPA
    Liz Truss at the Conservative Party leadership election hustings in Cheltenham. EPA
  • Rishi Sunak during a hustings event in Cheltenham. Reuters
    Rishi Sunak during a hustings event in Cheltenham. Reuters
  • Liz Truss speaks to scientists during a campaign visit to a life sciences laboratory at Alderley Park in Manchester. PA
    Liz Truss speaks to scientists during a campaign visit to a life sciences laboratory at Alderley Park in Manchester. PA
  • Rishi Sunak during a campaign hustings in Darlington, England. Bloomberg
    Rishi Sunak during a campaign hustings in Darlington, England. Bloomberg
  • Liz Truss meets party members before she speaks at the Darlington campaign hustings. Getty
    Liz Truss meets party members before she speaks at the Darlington campaign hustings. Getty
  • Rishi Sunak arrives for the Darlington hustings. Getty
    Rishi Sunak arrives for the Darlington hustings. Getty
  • Liz Truss plays pool during a visit to the Onside Future Youth Zone in London. Reuters
    Liz Truss plays pool during a visit to the Onside Future Youth Zone in London. Reuters
  • Rishi Sunak looks at a book with Teddy Openshaw, 4, as his father, Henry, looks on after a Conservative leadership campaign event in Ribble Valley, Lancashire, England. Getty
    Rishi Sunak looks at a book with Teddy Openshaw, 4, as his father, Henry, looks on after a Conservative leadership campaign event in Ribble Valley, Lancashire, England. Getty
  • Liz Truss plays table tennis with former Conservative party leader Iain Duncan Smith during a visit to the Onside Future Youth Zone in London. Reuters
    Liz Truss plays table tennis with former Conservative party leader Iain Duncan Smith during a visit to the Onside Future Youth Zone in London. Reuters
  • Liz Truss with supporters at a campaign event in Solihull, England. Reuters
    Liz Truss with supporters at a campaign event in Solihull, England. Reuters
  • Rishi Sunak attends a campaign event held by his party in Bexhill, England. Reuters
    Rishi Sunak attends a campaign event held by his party in Bexhill, England. Reuters
  • A protester is removed as Ms Truss speaks during the Conservative Party leadership hustings in Eastbourne. Bloomberg
    A protester is removed as Ms Truss speaks during the Conservative Party leadership hustings in Eastbourne. Bloomberg
  • Mr Sunak speaks at an event in Edinburgh. PA
    Mr Sunak speaks at an event in Edinburgh. PA
  • Ms Truss leaves the hall in Exeter, south-west England, after her speech to a Conservative Party membership hustings. Getty
    Ms Truss leaves the hall in Exeter, south-west England, after her speech to a Conservative Party membership hustings. Getty
  • Mr Sunak speaks at the University of Exeter in south-west England. AP
    Mr Sunak speaks at the University of Exeter in south-west England. AP
  • A supporter of Ms Truss at a Conservative Party hustings in Exeter, south-west England. Getty
    A supporter of Ms Truss at a Conservative Party hustings in Exeter, south-west England. Getty
  • Ms Truss at a hustings event at the Pavilion conference centre at Elland Road in Leeds. PA
    Ms Truss at a hustings event at the Pavilion conference centre at Elland Road in Leeds. PA
  • Mr Sunak in Salisbury watching a screening of the Uefa Women's Euro 2022 final between England and Germany at Wembley stadium. England won 2-1 in extra time. PA
    Mr Sunak in Salisbury watching a screening of the Uefa Women's Euro 2022 final between England and Germany at Wembley stadium. England won 2-1 in extra time. PA
  • Ms Truss before the Uefa Women's Euro 2022 final at Wembley stadium in London. AFP
    Ms Truss before the Uefa Women's Euro 2022 final at Wembley stadium in London. AFP
  • Mr Sunak meets Tory members at Fontwell Park Racecourse. Reuters
    Mr Sunak meets Tory members at Fontwell Park Racecourse. Reuters
  • Ms Truss at an event in Dereham, Norfolk. AFP
    Ms Truss at an event in Dereham, Norfolk. AFP
  • Mr Sunak in Ropley, near Winchester, Hampshire. PA
    Mr Sunak in Ropley, near Winchester, Hampshire. PA
  • Ms Truss speaks as Conservative Member of Parliament Tom Tugendhat looks on at a Conservative Party leadership campaign event at Biggin Hill Airport. Getty
    Ms Truss speaks as Conservative Member of Parliament Tom Tugendhat looks on at a Conservative Party leadership campaign event at Biggin Hill Airport. Getty
  • Ms Truss on the campaign trail in Woodford Green, on the outskirts of London. Reuters
    Ms Truss on the campaign trail in Woodford Green, on the outskirts of London. Reuters
  • Mr Sunak at a Conservative Party hustings event in Leeds. AFP
    Mr Sunak at a Conservative Party hustings event in Leeds. AFP
  • Ms Truss speaks at the hustings event in Leeds. AFP
    Ms Truss speaks at the hustings event in Leeds. AFP
  • Sunak and Truss-themed souvenirs at a stand during the Leeds hustings event. Reuters
    Sunak and Truss-themed souvenirs at a stand during the Leeds hustings event. Reuters
  • Ms Truss, and her mother, Patricia, arrive for the hustings event. Getty
    Ms Truss, and her mother, Patricia, arrive for the hustings event. Getty
  • Ms Truss poses with supporters in Morley, England. Getty
    Ms Truss poses with supporters in Morley, England. Getty
  • Mr Sunak delivers a speech during a campaign event in Newmarket. AFP
    Mr Sunak delivers a speech during a campaign event in Newmarket. AFP
  • Ms Truss and Jake Berry, MP for Rossendale and Darwen, during a visit to a broadband interchange company in Leeds. PA
    Ms Truss and Jake Berry, MP for Rossendale and Darwen, during a visit to a broadband interchange company in Leeds. PA
  • Mr Sunak answers questions as he takes part in the hustings in Leeds. AFP
    Mr Sunak answers questions as he takes part in the hustings in Leeds. AFP
  • Ms Truss speaks at an event at a private house with members of the Conservative Party in Woodford Green. PA
    Ms Truss speaks at an event at a private house with members of the Conservative Party in Woodford Green. PA
  • Ms Truss and Mr Sunak pose for a picture before a BBC leadership debate at Victoria Hall in Hanley. Getty
    Ms Truss and Mr Sunak pose for a picture before a BBC leadership debate at Victoria Hall in Hanley. Getty
  • Ms Truss addresses Mr Sunak during the televised debate. Getty
    Ms Truss addresses Mr Sunak during the televised debate. Getty
  • Mr Sunak, with daughters Krishna and Anushka, and wife Akshata Murthy, during a visit to Vaculug tyre specialists at Gonerby Hill Foot, Grantham. PA
    Mr Sunak, with daughters Krishna and Anushka, and wife Akshata Murthy, during a visit to Vaculug tyre specialists at Gonerby Hill Foot, Grantham. PA
  • Ms Truss speaks to people while campaigning in Marden. Getty
    Ms Truss speaks to people while campaigning in Marden. Getty
  • Ms Truss celebrates after being named, along with Mr Sunak, one of the final two candidates in the race to become the UK's next prime minister. PA
    Ms Truss celebrates after being named, along with Mr Sunak, one of the final two candidates in the race to become the UK's next prime minister. PA
  • Mr Sunak outside his campaign office in central London. EPA
    Mr Sunak outside his campaign office in central London. EPA
  • Ms Truss outside Downing Street in London. Reuters
    Ms Truss outside Downing Street in London. Reuters
  • Rishi Sunak meets Conservative Party members and activists, in Teesport, Redcar. Reuters
    Rishi Sunak meets Conservative Party members and activists, in Teesport, Redcar. Reuters
  • Conservative leadership candidates Mr Sunak, Ms Truss, Kemi Badenoch, presenter Julie Etchingham, Tom Tugendhat and Penny Mordaunt during 'Britain's Next Prime Minister: The ITV Debate' in London. EPA
    Conservative leadership candidates Mr Sunak, Ms Truss, Kemi Badenoch, presenter Julie Etchingham, Tom Tugendhat and Penny Mordaunt during 'Britain's Next Prime Minister: The ITV Debate' in London. EPA
  • Ms Badenoch arrives at Here East studios in Stratford, east London, before a live television debate. PA
    Ms Badenoch arrives at Here East studios in Stratford, east London, before a live television debate. PA
  • Mr Sunak arrives at a London event to launch his campaign to be the next Conservative Party leader and UK prime minister. Reuters
    Mr Sunak arrives at a London event to launch his campaign to be the next Conservative Party leader and UK prime minister. Reuters
  • Mr Tugendhat appears on the BBC One current affairs programme, 'Sunday Morning'. PA
    Mr Tugendhat appears on the BBC One current affairs programme, 'Sunday Morning'. PA
  • Ms Badenoch, Ms Mordaunt, Mr Sunak, Ms Truss and Mr Tugendhat before the live television debate. PA
    Ms Badenoch, Ms Mordaunt, Mr Sunak, Ms Truss and Mr Tugendhat before the live television debate. PA
  • Ms Mordaunt arrives for the launch of her Conservative leadership campaign at the Cinnamon Club in Westminster. PA
    Ms Mordaunt arrives for the launch of her Conservative leadership campaign at the Cinnamon Club in Westminster. PA
  • Ms Truss speaks at the launch event for her campaign to become the next leader of the Tory Party and Britain's prime minister, in London. EPA
    Ms Truss speaks at the launch event for her campaign to become the next leader of the Tory Party and Britain's prime minister, in London. EPA
  • Chancellor of the Exchequer Nadhim Zahawi, one of the candidates who has been knocked out of the race, giving a speech at the Churchill War Rooms. PA
    Chancellor of the Exchequer Nadhim Zahawi, one of the candidates who has been knocked out of the race, giving a speech at the Churchill War Rooms. PA
  • Former leadership candidate Jeremy Hunt appearing on the BBC One current affairs programme, 'Sunday Morning'. PA
    Former leadership candidate Jeremy Hunt appearing on the BBC One current affairs programme, 'Sunday Morning'. PA
  • Sajid Javid attending the launch of his campaign to be Conservative Party leader and prime minister, at the Cinnamon Club in London. He has since been knocked out of the contest. PA
    Sajid Javid attending the launch of his campaign to be Conservative Party leader and prime minister, at the Cinnamon Club in London. He has since been knocked out of the contest. PA
  • Rehman Chishti is interviewed after announcing his bid to become the next prime minister. Mr Chishti is no longer in the race. Getty
    Rehman Chishti is interviewed after announcing his bid to become the next prime minister. Mr Chishti is no longer in the race. Getty
  • Mr Tugendhat speaking at the launch of his campaign. PA
    Mr Tugendhat speaking at the launch of his campaign. PA
  • Culture Secretary Nadine Dorries and Conservative MP Iain Duncan Smith arrive for the Truss campaign launch event. Getty
    Culture Secretary Nadine Dorries and Conservative MP Iain Duncan Smith arrive for the Truss campaign launch event. Getty
  • Former leadership candidate Attorney General Suella Braverman at the Churchill War Rooms in central London. PA
    Former leadership candidate Attorney General Suella Braverman at the Churchill War Rooms in central London. PA
  • Supporters of Mr Sunak wait for his arrival ahead of the campaign launch. Bloomberg
    Supporters of Mr Sunak wait for his arrival ahead of the campaign launch. Bloomberg
  • Mr Tugendhat makes a speech at the launch of his campaign. PA
    Mr Tugendhat makes a speech at the launch of his campaign. PA
  • Mr Javid mops his brow while launching his campaign. Getty
    Mr Javid mops his brow while launching his campaign. Getty
  • Ms Truss leaves for work after her announcement that she would be running for the leadership of the Conservative Party. Getty
    Ms Truss leaves for work after her announcement that she would be running for the leadership of the Conservative Party. Getty
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

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The specs

Engine: 2.0-litre 4-cyl turbo

Power: 247hp at 6,500rpm

Torque: 370Nm from 1,500-3,500rpm

Transmission: 10-speed auto

Fuel consumption: 7.8L/100km

Price: from Dh94,900

On sale: now

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%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ERobert%20Lorenz%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Liam%20Neeson%2C%20Kerry%20Condon%2C%20Jack%20Gleeson%2C%20Ciaran%20Hinds%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%3C%2Fp%3E%0A

 

 

Tips to avoid getting scammed

1) Beware of cheques presented late on Thursday

2) Visit an RTA centre to change registration only after receiving payment

3) Be aware of people asking to test drive the car alone

4) Try not to close the sale at night

5) Don't be rushed into a sale 

6) Call 901 if you see any suspicious behaviour

UAE currency: the story behind the money in your pockets
Glossary of a stock market revolution

Reddit

A discussion website

Redditor

The users of Reddit

Robinhood

A smartphone app for buying and selling shares

Short seller

Selling a stock today in the belief its price will fall in the future

Short squeeze

Traders forced to buy a stock they are shorting 

Naked short

An illegal practice  

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

THE LOWDOWN

Photograph

Rating: 4/5

Produced by: Poetic License Motion Pictures; RSVP Movies

Director: Ritesh Batra

Cast: Nawazuddin Siddiqui, Sanya Malhotra, Farrukh Jaffar, Deepak Chauhan, Vijay Raaz

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3Eamana%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2010%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Karim%20Farra%20and%20Ziad%20Aboujeb%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%3Cbr%3E%3Cstrong%3ERegulator%3A%20%3C%2Fstrong%3EDFSA%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinancial%20services%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E85%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESelf-funded%3Cbr%3E%3C%2Fp%3E%0A
COMPANY PROFILE

Company name: Blah

Started: 2018

Founder: Aliyah Al Abbar and Hend Al Marri

Based: Dubai

Industry: Technology and talent management

Initial investment: Dh20,000

Investors: Self-funded

Total customers: 40

TYPES%20OF%20ONLINE%20GIG%20WORK
%3Cp%3E%3Cstrong%3EDesign%2C%20multimedia%20and%20creative%20work%3A%20%3C%2Fstrong%3ELogo%20design%2C%20website%20design%2C%20visualisations%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBusiness%20and%20professional%20management%3A%20%3C%2Fstrong%3ELegal%20or%20management%20consulting%2C%20architecture%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBusiness%20and%20professional%20support%3A%20%3C%2Fstrong%3EResearch%20support%2C%20proofreading%2C%20bookkeeping%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESales%20and%20marketing%20support%3A%20%3C%2Fstrong%3ESearch%20engine%20optimisation%2C%20social%20media%20marketing%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EData%20entry%2C%20administrative%2C%20and%20clerical%3A%20%3C%2Fstrong%3EData%20entry%20tasks%2C%20virtual%20assistants%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIT%2C%20software%20development%20and%20tech%3A%20%3C%2Fstrong%3EData%20analyst%2C%20back-end%20or%20front-end%20developers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWriting%20and%20translation%3A%20%3C%2Fstrong%3EContent%20writing%2C%20ghost%20writing%2C%20translation%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EOnline%20microtasks%3A%20%3C%2Fstrong%3EImage%20tagging%2C%20surveys%3C%2Fp%3E%0A%3Cp%3E%3Cem%3ESource%3A%20World%20Bank%3C%2Fem%3E%3C%2Fp%3E%0A
Super%20Mario%20Bros%20Wonder
%3Cp%3E%3Cstrong%3EDeveloper%3A%20%3C%2Fstrong%3ENintendo%20EPD%3Cbr%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3ENintendo%3Cbr%3E%3Cstrong%3EConsole%3A%20%3C%2Fstrong%3ENintendo%20Switch%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
The 12 Syrian entities delisted by UK 

Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
Sama TV

MATCH INFO

Rugby World Cup (all times UAE)

Final: England v South Africa, Saturday, 1pm

Quick%20facts
%3Cul%3E%0A%3Cli%3EStorstockholms%20Lokaltrafik%20(SL)%20offers%20free%20guided%20tours%20of%20art%20in%20the%20metro%20and%20at%20the%20stations%3C%2Fli%3E%0A%3Cli%3EThe%20tours%20are%20free%20of%20charge%3B%20all%20you%20need%20is%20a%20valid%20SL%20ticket%2C%20for%20which%20a%20single%20journey%20(valid%20for%2075%20minutes)%20costs%2039%20Swedish%20krone%20(%243.75)%3C%2Fli%3E%0A%3Cli%3ETravel%20cards%20for%20unlimited%20journeys%20are%20priced%20at%20165%20Swedish%20krone%20for%2024%20hours%3C%2Fli%3E%0A%3Cli%3EAvoid%20rush%20hour%20%E2%80%93%20between%209.30%20am%20and%204.30%20pm%20%E2%80%93%20to%20explore%20the%20artwork%20at%20leisure%3C%2Fli%3E%0A%3C%2Ful%3E%0A

Veere di Wedding
Dir: Shashanka Ghosh
Starring: Kareena Kapoo-Khan, Sonam Kapoor, Swara Bhaskar and Shikha Talsania ​​​​​​​
Verdict: 4 Stars

Film: In Syria
Dir: Philippe Van Leeuw
Starring: Hiam Abbass, Diamand Bo Abboud, Mohsen Abbas and Juliette Navis
Verdict: Four stars

ARGYLLE
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LA LIGA FIXTURES

Thursday (All UAE kick-off times)

Sevilla v Real Betis (midnight)

Friday

Granada v Real Betis (9.30pm)

Valencia v Levante (midnight)

Saturday

Espanyol v Alaves (4pm)

Celta Vigo v Villarreal (7pm)

Leganes v Real Valladolid (9.30pm)

Mallorca v Barcelona (midnight)

Sunday

Atletic Bilbao v Atletico Madrid (4pm)

Real Madrid v Eibar (9.30pm)

Real Sociedad v Osasuna (midnight)

Updated: July 20, 2022, 7:39 AM