Britain's Prime Minister Liz Truss 'wants to build constructive relationships' on the sidelines of the UN General Assembly in New York. AFP
Britain's Prime Minister Liz Truss 'wants to build constructive relationships' on the sidelines of the UN General Assembly in New York. AFP
Britain's Prime Minister Liz Truss 'wants to build constructive relationships' on the sidelines of the UN General Assembly in New York. AFP
Britain's Prime Minister Liz Truss 'wants to build constructive relationships' on the sidelines of the UN General Assembly in New York. AFP

UK's Liz Truss visits New York for meetings with world leaders


Soraya Ebrahimi
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UK Prime Minister Liz Truss is visiting New York to meet international leaders during the UN General Assembly, including US President Joe Biden and French leader Emmanuel Macron.

In her first foreign trip as prime minister, Ms Truss will meet the two against the backdrop of Brexit tension and questions over whether she regards the French leader as a “friend or foe”.

She will meet European Commission President Ursula von der Leyen, and deliver a speech to world leaders, as political action resumes after the period of national mourning for Queen Elizabeth II.

Ms Truss hopes the focus will be largely on energy security and helping Ukraine in its war against Russia, but clashes over the Northern Ireland Protocol are bound to feature.

Mr Biden, who has proud Irish heritage, has raised concerns about Brexit’s threat to the peace process and played down the chances of a free-trade deal with the UK.

Mr Macron has long been a critic of Brexit and has been firm in pressing the UK to keep to commitments on Northern Ireland and fishing rights.

Ms Truss sparked a diplomatic row during the Tory leadership contest when she declined to give a clear answer as to whether Mr Macron was a “friend or foe”.

Instead, the then-foreign secretary said last month that the “jury’s out”.

Before the visit, her spokesman described France as a “longstanding ally” and insisted relations between London and Paris, and with the EU, were “good”.

Asked if the meeting with Mr Macron would be uncomfortable, the spokesman said: “No, the prime minister wants to build a constructive relationship with President Macron.”

But he maintained the position on the Northern Ireland Protocol Bill, which the EU and others say will break international law.

Ms Truss will meet Mr Macron and Ms von der Leyen on Tuesday, before seeing Mr Biden on Wednesday.

She had been set to talk to Mr Biden in Britain at the weekend as he visited for the queen’s funeral, but the meeting was postponed.

Ms Truss is not scheduled to receive the White House invitation Boris Johnson was given during his visit to UNGA last year.

Meetings with Turkey’s Recep Tayyip Erdogan, Spain’s Pedro Sanchez and Israel’s Yair Lapid are also scheduled.

Ms Truss will warn that now is not the time to “take our foot off the gas” in opposing Vladimir Putin’s invasion of Ukraine.

“We will continue to act to restore sovereignty and self-determination to Ukraine because this isn’t just Ukraine’s fight," her spokesman said.

"The whole world suffers when a regime like Putin’s is allowed to bully and blackmail its neighbours."

Ms Truss will try to use the visit to “spur further international action to end energy dependence on Russia, making sure the world is never in this position again”.

“In the short term, that means increasing the supply of gas and other sources of energy, and in the long term, it means democracies tapping into our shared resources, natural, technological and entrepreneurial to develop alternative sources of energy.”

Before leaving the US on Wednesday evening, Ms Truss will use her summit speech to say the UK under her leadership will be “an active defender of our democratic values”, and will work to counter authoritarianism with allies.

The trip begins a frantic few days of political action in Ms Truss’s fledgling premiership, with details on how businesses will be helped through the energy crisis and a major announcement on the National Health Service.

Ms Truss, who was being joined by Foreign Secretary James Cleverly in the US, will then return before Chancellor Kwasi Kwarteng’s mini-budget on Friday.

Labour urged her to use the trip to start “rebuilding our country’s diplomatic influence”.

“Twelve years of Conservative governments making diplomatic gaffes, announcing plans to break international law, failing to live up to promises on climate action and cutting international aid have damaged relations with the US and left Britain isolated on the global stage," said shadow foreign secretary David Lammy, who was also attending UNGA.

“After being snubbed by the Biden administration within her first weeks in office, Liz Truss urgently needs to wake up to the damage her reckless approach to foreign policy is doing to the UK’s national interest.

“The prime minister must use the UN General Assembly to bring the UK back in from the cold and begin rebuilding our country’s diplomatic influence.”

Mr Cleverly will call for action on Russian behaviour in Ukraine in meetings with other foreign ministers, including US Secretary of State Antony Blinken and Ukraine's Dmytro Kuleba.

On Thursday, he will take part in a foreign minister-level UN Security Council meeting focused on the Russian invasion.

How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

The biog

Favourite book: Animal Farm by George Orwell

Favourite music: Classical

Hobbies: Reading and writing

 

Updated: September 20, 2022, 8:31 AM