Greenpeace protesters interrupt Prime Minister Liz Truss as she delivers her keynote speech. PA
Greenpeace protesters interrupt Prime Minister Liz Truss as she delivers her keynote speech. PA
Greenpeace protesters interrupt Prime Minister Liz Truss as she delivers her keynote speech. PA
Greenpeace protesters interrupt Prime Minister Liz Truss as she delivers her keynote speech. PA

Greenpeace activists fuel Truss attack on 'anti-growth coalition' in Britain


Thomas Harding
  • English
  • Arabic

Two environmental protesters were the unlikely rescuers of Liz Truss’s premiership-defining speech at the Conservative party conference on Wednesday.

Minutes into her pitch to win over her fractured party, two Greenpeace campaigners brandished a banner critical of the government’s reversal on fracking for oil.

“Let’s get them removed,” Ms Truss said, as security guards hauled the women out of the Birmingham conference hall.

The prime minister stood at the lectern as the boos followed by “out, out, out” faded.

“Come on Liz!” someone shouted from the auditorium.

It’s always more taxes, more regulation and more meddling -- wrong, wrong, wrong!
Liz Truss

Clapping became raucous applause then a standing ovation. There was a marked shift in mood in the prime minister's favour, and perhaps even a hint of endearment towards a leader one troubled month into her job.

Ms Truss turned from her autocue speech to say the campaigners were part of the “anti-growth coalition” that was holding Britain back.

Growth was the thrust of her conference speech and her attempt to restore her authority damaged by a bungled tax-cutting mini-budget this week.

The rebellion among her MPs, including some Cabinet ministers, appeared to have been quelled as Ms Truss grew in confidence.

'Let’s get them removed,' Ms Truss ordered, as security guards dragged the two women out of the conference hall in Birmingham. Bloomberg
'Let’s get them removed,' Ms Truss ordered, as security guards dragged the two women out of the conference hall in Birmingham. Bloomberg

She did not repeat Margaret Thatcher’s “the lady’s not for turning” but Ms Truss is steadfastly refusing to reverse course.

No matter the consequences, in particular high interest rates that will hit homeowners hard, the prime minister will pursue her plan of a low-tax economy to generate “growth, growth, growth,” she said.

“I will not allow the anti-growth coalition to hold us back,” she said, rounding on growing opposition in Parliament and on the streets.

“Labour, the Lib Dems, the SNP, the militant unions, the vested interests dressed up as think tanks, the talking heads, the Brexit deniers, Extinction Rebellion and some of the people we had in the hall earlier.”

These were the types who favoured “protesting to doing” or “talking on Twitter to taking tough decisions”.

“It’s always more taxes, more regulation and more meddling,” Ms Truss said to more applause. “Wrong, wrong, wrong!”

This reception seemed more genuine than the lukewarm response to an opening video clip that highlighted her transient upbringing in Scotland and Yorkshire.

Her nerves were evident as she lifted a glass of water with both hands, before recalling a moment of sexism in her childhood following a flight when she was awarded a junior air hostess badge while her two brothers received pilot badges.

British Prime Minister Liz Truss delivers her keynote speech at the Conservative Party Conference in Birmingham. EPA
British Prime Minister Liz Truss delivers her keynote speech at the Conservative Party Conference in Birmingham. EPA

A brief reference was made to “raising two wonderful daughters” but not one to her husband, Hugh, or to her predecessor Boris Johnson.

She proclaimed herself as the first prime minister to come from a state comprehensive school and said she had experienced the same shock as every other worker “at how much the taxman took out of my first payslip”.

There were a few slips. She went straight through praising “our dynamic new chancellor”, Kwasi Kwarteng into her next sentence and forgot to wait for the choreographed applause.

She backtracked, allowed the clapping, then, in a moment of contrition over the debacle of the tax cut to high earners she reversed on Monday, said: “I get it and I have listened.”

In London, the FTSE-100 index of blue chip shares ticked steadily upwards from a low before the 11am speech.

Perhaps it was spurred on by her “I love business” line, which was in contrast to Mr Johnson’s expletives against business.

  • British Prime Minister Liz Truss speaks at the ruling Conservative Party's annual conference in Birmingham. Reuters
    British Prime Minister Liz Truss speaks at the ruling Conservative Party's annual conference in Birmingham. Reuters
  • Attendees take their seats before the keynote speech by Ms Truss. Bloomberg
    Attendees take their seats before the keynote speech by Ms Truss. Bloomberg
  • Chancellor of the Duchy of Lancaster Nadhim Zahawi speaks. PA
    Chancellor of the Duchy of Lancaster Nadhim Zahawi speaks. PA
  • Prime Minister Truss and her husband Hugh O'Leary arrive for day four of the Conservative Party conference. Getty Images
    Prime Minister Truss and her husband Hugh O'Leary arrive for day four of the Conservative Party conference. Getty Images
  • A delegate wears a red 'Make Britain Great Again' cap. Getty Images
    A delegate wears a red 'Make Britain Great Again' cap. Getty Images
  • A member of the audience wears socks with Union Jack colours. Reuters
    A member of the audience wears socks with Union Jack colours. Reuters
  • Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng visit the construction site of a medical innovation campus during day three of the Conservative Party conference in Birmingham. Getty Images
    Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng visit the construction site of a medical innovation campus during day three of the Conservative Party conference in Birmingham. Getty Images
  • Foreign Secretary James Cleverly arrives at the conference. Reuters
    Foreign Secretary James Cleverly arrives at the conference. Reuters
  • Former home secretary Priti Patel speaks in Birmingham. Getty Images
    Former home secretary Priti Patel speaks in Birmingham. Getty Images
  • A delegate is pictured with a bag displaying pictures of former Conservative prime ministers Benjamin Disraeli, Winston Churchill, Boris Johnson and Margaret Thatcher. AFP
    A delegate is pictured with a bag displaying pictures of former Conservative prime ministers Benjamin Disraeli, Winston Churchill, Boris Johnson and Margaret Thatcher. AFP
  • Mr Kwarteng delivers a speech on day two of the annual Conservative Party conference in Birmingham. Getty Images
    Mr Kwarteng delivers a speech on day two of the annual Conservative Party conference in Birmingham. Getty Images
  • Liz Truss, Chancellor of the Duchy of Lancaster Nadhim Zahawi and Secretary of State for Health and Social Care Therese Coffey listen to Mr Kwarteng speak. Reuters
    Liz Truss, Chancellor of the Duchy of Lancaster Nadhim Zahawi and Secretary of State for Health and Social Care Therese Coffey listen to Mr Kwarteng speak. Reuters
  • Ms Truss arrives for the Conservative Party Conference. EPA
    Ms Truss arrives for the Conservative Party Conference. EPA
  • Leaflets with Ms Truss on the cover are seen on the second day of the conference. Getty Images
    Leaflets with Ms Truss on the cover are seen on the second day of the conference. Getty Images
  • A person attending the conference carries a bag from the Taxpayers' Alliance. EPA
    A person attending the conference carries a bag from the Taxpayers' Alliance. EPA
  • Refugees present Tory delegates with 'one-way tickets' to Rwanda during a protest outside the Conservative Party annual conference. PA
    Refugees present Tory delegates with 'one-way tickets' to Rwanda during a protest outside the Conservative Party annual conference. PA
  • Business, Energy and Industrial Strategy Secretary Jacob Rees-Mogg laughs as he arrives. EPA
    Business, Energy and Industrial Strategy Secretary Jacob Rees-Mogg laughs as he arrives. EPA
  • Ms Truss and Mr Kwarteng chat at the opening session of Conservative Party conference in Birmingham. EPA
    Ms Truss and Mr Kwarteng chat at the opening session of Conservative Party conference in Birmingham. EPA
  • A protester demonstrates outside the annual autumn conference. Bloomberg
    A protester demonstrates outside the annual autumn conference. Bloomberg
  • Mr Kwarteng gives a TV interview. Reuters
    Mr Kwarteng gives a TV interview. Reuters
  • Protesters march with placards at a demonstration in Birmingham against the Conservative government as the party's conference started in the city. Bloomberg
    Protesters march with placards at a demonstration in Birmingham against the Conservative government as the party's conference started in the city. Bloomberg
  • The prime minister and members of her Cabinet sing the national anthem at the opening session. EPA
    The prime minister and members of her Cabinet sing the national anthem at the opening session. EPA
  • Penny Mordaunt, Leader of the House of Commons, pays tribute to Queen Elizabeth II. PA
    Penny Mordaunt, Leader of the House of Commons, pays tribute to Queen Elizabeth II. PA
  • Protesters and police clash in Birmingham city centre. Getty Images
    Protesters and police clash in Birmingham city centre. Getty Images
  • Former British prime minister Boris Johnson is reflected in Mr Kwarteng's glasses. Reuters
    Former British prime minister Boris Johnson is reflected in Mr Kwarteng's glasses. Reuters
  • A protester holds a placard condemning the chancellor. Bloomberg
    A protester holds a placard condemning the chancellor. Bloomberg
  • Ms Truss arrives at the conference. Bloomberg
    Ms Truss arrives at the conference. Bloomberg
  • Delegates take a break outside the venue on the opening day. AFP
    Delegates take a break outside the venue on the opening day. AFP

There were a few policy lines. Britain would continue its fight to remove the European Court of Human Rights it helped to found from domestic legislation.

The programme to deport illegal immigrants to Rwanda would continue unhindered, and all EU laws on business administration would be scrapped.

To louder applause Ms Truss pledged Britain’s support for Ukraine in its fight against Russian occupation.

“No matter how long it takes,” she said. “Ukraine can win, will win, Ukraine must win.”

The “anti-growth coalition” came in for fire as the prime minister voiced her determination to turn Britain into on a low-tax, low-regulation economy — no matter the consequences.

“I will take the hard choices,” she said, before striding offstage. “It’s a new Britain for a new era.”

Russia's Muslim Heartlands

Dominic Rubin, Oxford

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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Most memorable achievement: Leading my first city-wide charity campaign in Toronto holds a special place in my heart. It was for Amnesty International’s Stop Violence Against Women program and showed me the power of how communities can come together in the smallest ways to have such wide impact.

Favourite film: Childhood favourite would be Disney’s Jungle Book and classic favourite Gone With The Wind.

Favourite book: To Kill A Mockingbird for a timeless story on justice and courage and Harry Potters for my love of all things magical.

Favourite quote: “We make a living by what we get, but we make a life by what we give.” — Winston Churchill

Favourite food: Dim sum

Favourite place to travel to: Anywhere with natural beauty, wildlife and awe-inspiring sunsets.

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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

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Rest

(Because Music)

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Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
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Updated: October 05, 2022, 2:21 PM