One Conservative donor said it was the “worst” party conference he had been to in 50 years, a veteran journalist said it was the “most chaotic” in 50 that he had covered, “and that’s including Labour and the Lib Dems”.
At times it felt like the Tories had lapsed into the blood sports much loved by some, scenting prey and like hounds following it, regardless of the consequences.
That mindless chase towards impenetrable thickets was averted — temporarily at least — by Liz Truss’ conference speech, where she was emboldened by environmentalist protestors who attempted to steal her limelight.
In the end, she delivered a speech that grew in confidence, selling her vision of low tax and a booming British economy that appears to have bought her time.
Canada wipe-out
But that will not provide much solace for Conservative MPs terrified of losing their seats whenever the next general election occurs.
Some point to the wipe-out experienced by Canada’s Progressive Conservative party, whose popularity plummeted from 43 per cent to 16 per cent, losing all but two of their 156 seats previously held before the 1993 election.
Recent electoral surveys suggest MPs have good reason to be fearful, with steady polling showing the opposition Labour consistently at between 25 and 33 per cent ahead.
In the short term, at least, that favours Ms Truss, lending her the ability to exert party discipline with the threat of calling a general election in which most MPs would lose their jobs.
The risk of extinction might prove motivational and will probably tie MPs to Ms Truss’ vision for growth, no matter the consequences.
Cockpit addicts
The cause of the Conservative descent from being the self-styled “natural party of government” can be traced to the decision to call a referendum on exiting the European Union in 2016.
On the first day of Brexit they lost a sensible, centrist prime minister in David Cameron. Three prime ministers on and the party is plummeting earthwards in a spin.
“Since Brexit it’s been like a load of drug addicts are in the cockpit flying like crazy and we’re the passengers but it’s only the people in the cockpit who have ejector seats,” a respected Conservative figure told The National.
For now, it appears that Ms Truss has managed to land the plane but not exited the cockpit, surrounded by those who seem intent on self-immolation.
Snake and traitor
While the fledgling British prime minister ended the conference confident and, to a point, in command, that had not seemed possible when the man no Tory wants as an enemy, Michael Gove, fomented the first uprising of the Truss era on Sunday.
Well-intentioned headlines of fixing Britain’s economy were trounced when the former Cabinet minister, who was sacked by Boris Johnson as a final act of revenge the night before he resigned, lobbed a stun grenade.
“I don’t think it’s right,” he said, responding to whether he would vote for the five per cent cut to the 45 per cent tax rate for highest earners announced in chancellor Kwasi Kwarteng’s contentious mini-budget.
Mr Gove, who has variously been called a “snake” and a “traitor” by his own, is clearly exercising influence now he’s back among backbenchers.
His reach was such that Mr Kwarteng missed the main course of his dinner with reporters from The Sun newspaper on Sunday night, as Ms Truss summoned him to commit a U-turn on the tax hike.
Cabinet freelancers
That came on Monday, the humiliation was complete for Mr Kwarteng as the reversal came hours before he made his keynote conference speech. Lacking any lustre, and indeed attracting only lukewarm support, its main effect was to trigger the starting gun for a Tuesday of high drama.
MPs felt emboldened to force further concessions with ministers — including Leader of the House Penny Mordaunt, calling for social benefits to rise in line with inflation, currently around 10 per cent.
Cabinet discipline went up in smoke mid-conference, with ministers openly floating their own policies against the government position.
Home Secretary Suella Braverman criticised the tax U-turn and accused Mr Gove and other critics of Ms Truss of staging a “coup” to force the climbdown.
Trade Secretary Kemi Badenoch publicly told Ms Braverman not to use such “inflammatory” language.
At one point it appeared Mr Kwarteng was blaming Queen Elizabeth II’s death for all the chaos, claiming his mini-budget had to be seen in the context of the “high pressure” period following her demise and funeral.
Grant Shapps, a former Cabinet minister renowned for his reading of the Tory mood, said MPs would not “sit on their hands” in ousting Ms Truss without improvement.
Whipping in
All eyes will be on the prime minister when MPs return to Westminster next week. MPs who vote against her tweaked financial package will probably find themselves without the whip, suspended from the party, Downing Street officials have hinted.
For now, it appears that Ms Truss’ conference speech has saved the situation. “People just need to give her a chance to deliver something and run the country,” one Conservative member told The National. “Because this is not about the party, it’s about the country.”
Battle for Britain
That hard won breathing space will not last for long. Challenging events loom for the government.
Next Wednesday, Ms Truss will come up against the official opposition, with Labour’s Sir Keir Starmer likely to be unrelenting in his criticism during Prime Minister’s Questions.
The Bank of England’s purchase of government debt, needed to restore order after the tax cutting triggered financial chaos, will end on Friday, October 14.
Before or shortly after then, the government will probably publish the Office of Budget Responsibility report, which will set out how the tax cuts will be paid. This will probably be via big cuts in public services, leading to further cries of dismay in Tory ranks.
The coming days will be a time of reflection for Ms Truss, who has undoubtedly had the most challenging apprenticeship in becoming prime minister since Winston Churchill took office in May 1940 as France fell and British forces were thrown out of Europe.
Two months later, the Battle of Britain began, when the country’s very existence was at stake.
British Prime Minister Liz Truss - in pictures
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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Sting & Shaggy
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(Interscope)
2020 Oscars winners: in numbers
- Parasite – 4
- 1917– 3
- Ford v Ferrari – 2
- Joker – 2
- Once Upon a Time ... in Hollywood – 2
- American Factory – 1
- Bombshell – 1
- Hair Love – 1
- Jojo Rabbit – 1
- Judy – 1
- Little Women – 1
- Learning to Skateboard in a Warzone (If You're a Girl) – 1
- Marriage Story – 1
- Rocketman – 1
- The Neighbors' Window – 1
- Toy Story 4 – 1
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German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
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
More from Aya Iskandarani
Key products and UAE prices
iPhone XS
With a 5.8-inch screen, it will be an advance version of the iPhone X. It will be dual sim and comes with better battery life, a faster processor and better camera. A new gold colour will be available.
Price: Dh4,229
iPhone XS Max
It is expected to be a grander version of the iPhone X with a 6.5-inch screen; an inch bigger than the screen of the iPhone 8 Plus.
Price: Dh4,649
iPhone XR
A low-cost version of the iPhone X with a 6.1-inch screen, it is expected to attract mass attention. According to industry experts, it is likely to have aluminium edges instead of stainless steel.
Price: Dh3,179
Apple Watch Series 4
More comprehensive health device with edge-to-edge displays that are more than 30 per cent bigger than displays on current models.
Tightening the screw on rogue recruiters
The UAE overhauled the procedure to recruit housemaids and domestic workers with a law in 2017 to protect low-income labour from being exploited.
Only recruitment companies authorised by the government are permitted as part of Tadbeer, a network of labour ministry-regulated centres.
A contract must be drawn up for domestic workers, the wages and job offer clearly stating the nature of work.
The contract stating the wages, work entailed and accommodation must be sent to the employee in their home country before they depart for the UAE.
The contract will be signed by the employer and employee when the domestic worker arrives in the UAE.
Only recruitment agencies registered with the ministry can undertake recruitment and employment applications for domestic workers.
Penalties for illegal recruitment in the UAE include fines of up to Dh100,000 and imprisonment
But agents not authorised by the government sidestep the law by illegally getting women into the country on visit visas.