Liz Truss's leadership campaign was given a boost on Wedneday as two surveys showed her far in the lead and she received the backing of Sajid Javid, who attacked Rishi Sunak’s more cautious plans for tax cuts.
A ConservativeHome website survey put the foreign secretary 32 per cent ahead of Mr Sunak after an earlier YouGov poll of party members showed Ms Truss had a 34-percentage point lead over her leadership rival.
Mr Javid, who resigned as health secretary minutes before Mr Sunak left the Cabinet and started the cascade that forced Boris Johnson to quit as Tory leader, has now thrown his support behind the frontrunner.
The failed leadership candidate warned that “tax cuts now are essential”, as Mr Sunak resists adopting Ms Truss’s more radical plan to get to rein in spiralling inflation first.
A former chancellor, Mr Javid also warned in an article for The Times that the nation was at risk of “sleepwalking into a big-state, high-tax, low-growth, social democratic model which risks us becoming a middle-income economy by the 2030s”.
“If we can renew our government with a bold agenda, the Conservatives can still beat Labour, the Lib Dems and the SNP at the next election – and the evidence suggests Liz is the best-placed candidate to do so,” he said.
Mr Javid launched a leadership run on a platform of swift tax cuts but quickly pulled out, struggling to win enough nominations from Tory MPs to go through to the first round of voting.
His support for Ms Truss came shortly before the latest hustings of Conservative members at an event in Cardiff on Wednesday evening.
The YouGov survey showed 60 per cent of the party members polled between July 29 and August 2 saying they intend to vote for the foreign secretary, with 26 per cent backing Mr Sunak.
The poll of 1,043 Conservative Party members indicates only 11 per cent do not know who they will vote for, while 2 per cent said they would not take part in the contest.
A further indication of her dominance came with a survey of 1,003 members by the ConservativeHome website, which had 58 per cent backing Ms Truss to Mr Sunak’s 26 per cent.
But Ms Truss insisted she was taking nothing for granted, as a delay in ballot papers being issued due to cyber-security concerns gave her rival a little more time to catch up.
She acknowledged that there is “still a long way to go” in the contest as she continues to face questions about abandoning a key policy pledge.
Her campaign has endured a rocky period as she dropped the £8.8 billion ($10.7bn) pledge to cut the public sector wage bill by paying workers in cheaper areas of the country less than in more expensive parts.
Ms Truss claimed it had been “misrepresented”.
But she refused to say why the policy was being abandoned entirely if the problem is merely one of presentation.
Critics of the plan had claimed it would go against the government’s "levelling-up" agenda by cutting wages in more deprived areas of the country, although Ms Truss insisted it was never meant to affect people’s current pay rates.
The information put out by her campaign said the potential £8.8bn saving from the policy depended on it being “adopted for all public-sector workers in the long term”.
“I wanted to make sure that our important frontline workers like doctors and teachers weren’t worried," Ms Truss said. "That’s why I cancelled the policy.
“I did it straight away. I was decisive and I was honest with the public about what I was doing.”
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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
TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
TALE OF THE TAPE
Floyd Mayweather
- Height
- Weight
- Reach
- Record
Conor McGregor
- Height
- Weight
- Reach
- Record
Company profile
Company: Eighty6
Date started: October 2021
Founders: Abdul Kader Saadi and Anwar Nusseibeh
Based: Dubai, UAE
Sector: Hospitality
Size: 25 employees
Funding stage: Pre-series A
Investment: $1 million
Investors: Seed funding, angel investors
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Mina Cup winners
Under 12 – Minerva Academy
Under 14 – Unam Pumas
Under 16 – Fursan Hispania
Under 18 – Madenat
Profile of Hala Insurance
Date Started: September 2018
Founders: Walid and Karim Dib
Based: Abu Dhabi
Employees: Nine
Amount raised: $1.2 million
Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers
Lewis Hamilton in 2018
Australia 2nd; Bahrain 3rd; China 4th; Azerbaijan 1st; Spain 1st; Monaco 3rd; Canada 5th; France 1st; Austria DNF; Britain 2nd; Germany 1st; Hungary 1st; Belgium 2nd; Italy 1st; Singapore 1st; Russia 1st; Japan 1st; United States 3rd; Mexico 4th
RESULTS
Catchweight 82kg
Piotr Kuberski (POL) beat Ahmed Saeb (IRQ) by decision.
Women’s bantamweight
Corinne Laframboise (CAN) beat Cornelia Holm (SWE) by unanimous decision.
Welterweight
Omar Hussein (PAL) beat Vitalii Stoian (UKR) by unanimous decision.
Welterweight
Josh Togo (LEB) beat Ali Dyusenov (UZB) by unanimous decision.
Flyweight
Isaac Pimentel (BRA) beat Delfin Nawen (PHI) TKO round-3.
Catchweight 80kg
Seb Eubank (GBR) beat Emad Hanbali (SYR) KO round 1.
Lightweight
Mohammad Yahya (UAE) beat Ramadan Noaman (EGY) TKO round 2.
Lightweight
Alan Omer (GER) beat Reydon Romero (PHI) submission 1.
Welterweight
Juho Valamaa (FIN) beat Ahmed Labban (LEB) by unanimous decision.
Featherweight
Elias Boudegzdame (ALG) beat Austin Arnett (USA) by unanimous decision.
Super heavyweight
Maciej Sosnowski (POL) beat Ibrahim El Sawi (EGY) by submission round 1.
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
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Our family matters legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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Pad Man
Dir: R Balki
Starring: Akshay Kumar, Sonam Kapoor, Radhika Apte
Three-and-a-half stars