FILE PHOTO: Outgoing British Prime Minister Boris Johnson delivers a speech on his last day in office, outside Downing Street, in London, Britain September 6, 2022. REUTERS / Toby Melville / File Photo
FILE PHOTO: Outgoing British Prime Minister Boris Johnson delivers a speech on his last day in office, outside Downing Street, in London, Britain September 6, 2022. REUTERS / Toby Melville / File Photo
FILE PHOTO: Outgoing British Prime Minister Boris Johnson delivers a speech on his last day in office, outside Downing Street, in London, Britain September 6, 2022. REUTERS / Toby Melville / File Photo
FILE PHOTO: Outgoing British Prime Minister Boris Johnson delivers a speech on his last day in office, outside Downing Street, in London, Britain September 6, 2022. REUTERS / Toby Melville / File Phot


A week is a long time for the Tories as Boris Johnson rides back into view


  • English
  • Arabic

October 20, 2022

This time last week I thought the Tories were in with a chance of winning the next election. In theory, it is not until 2024 and if they moved quickly to replace Liz Truss with a Rishi Sunak-Penny Mordaunt ticket and restore economic stability and certainty, they could pull it off.

But a week is a long time in politics, at least where the Conservatives and Liz Truss are concerned. Since then, we’ve had resignations and would-be resignations of Cabinet ministers, key policy U-turns, a revolt of backbench MPs, among them some of the biggest names in the party, and of course, the departure of Ms Truss herself.

It’s been a whirlwind seven days of utter chaos which has only served to highlight again the deep fractures in the ruling party. Now, as I write this, they are scrambling around to find a “unity” candidate to replace Truss.

But they’ve been searching for this mythical figure for a while – ever since Truss became leader, doubts soon set in and it became apparent a successor might have to be lined up. Their quest goes back further, however, to the leadership election. Then, nobody emerged, and the party and country were forced to endure a marathon, head-to-head between Truss and Sunak.

The vote was tight, showing how much the Tories were split. Arguably the schism has been there all along, between Remainers and Brexiteers, left and right. John Major, Theresa May, David Cameron, they certainly experienced it. Boris Johnson was able to brush it aside, such was the force of his personality.

Sunak could try again, but he did not win in the summer and he remains a Marmite character – unlikely to be forgiven by Mr Johnson’s supporters for, as they saw it, plunging the dagger into his premiership by resigning. Yes, he carries bags of credit as the “I told you so” candidate, for rightly predicting Ms Truss’s tax cuts would be disastrous.

Mordaunt might be that single saviour, but after the week we’ve just had, it’s hard to imagine the party is ready to accept another leader who is untried, untested at senior level – someone too who was voted down in the earlier stages of the recent contest.

It’s been a whirlwind seven days of utter chaos which has only served to highlight again the deep fractures in the ruling party.

In some snap polling of the party faithful and the very people who get to choose, Sunak is ranking third behind Mordaunt. Top for them is Johnson.

Johnson allowed his name to be circulated as a contender on Thursday and in the hours ahead the pressure for him to do so will only grow. Cometh the hour, and all that.

For Johnson, of course, a return would be vindication - he has spent these past months bitter and furious at being made to stand down - and it would mirror his great hero, Sir Winston Churchill, who also made a comeback.

There is, though, a crucial difference between Churchill’s first going and Johnson’s. The war leader was voted out by the country. Cruelly, possibly, but the conflict was over and Britain was craving change. Churchill as well was not beset by scandal.

Johnson went after dozens of his ministers quit, leaving him isolated. They did so after a slew of negativity concerning Johnson’s personal integrity. If he was to re-enter No 10, he would so while a Parliamentary committee is examining whether he misled the Commons as prime minister, an offence for which if found guilty, he would be expected to resign.

The candidates vying to replace Liz Truss - in pictures

  • British Prime Minister Liz Truss has resigned from her position. Here, 'The National' takes a look at the candidates vying to replace her, including former Chancellor of the Exchequer Rishi Sunak, above. PA
    British Prime Minister Liz Truss has resigned from her position. Here, 'The National' takes a look at the candidates vying to replace her, including former Chancellor of the Exchequer Rishi Sunak, above. PA
  • Britain's Leader of the House of Commons Penny Mordaunt. AFP
    Britain's Leader of the House of Commons Penny Mordaunt. AFP
  • Former Prime Minister Boris Johnson. Reuters
    Former Prime Minister Boris Johnson. Reuters
  • Former Home Secretary Suella Braverman. EPA
    Former Home Secretary Suella Braverman. EPA
  • Britain's Defence Secretary Ben Wallace. AFP
    Britain's Defence Secretary Ben Wallace. AFP
  • Current Chancellor of the Exchequer Jeremy Hunt. PA
    Current Chancellor of the Exchequer Jeremy Hunt. PA

But this is Johnson and he has previously ridden out damning verdicts that would finish others. His supporters in the press and Parliament would do their level best - they’ve begun – to belittle the committee and question its legality.

So, if Johnson rides back, what then? Doubtless we would be treated to the sorrowful Boris, the one who promises to reform his ways. Would it be enough, would he really alter? Whoever wins, for a start, must reach out to the EU and patch up differences – even many Brexiteers recognise there needs to be moves towards rapprochement, for the good of the economy. Is Johnson capable of that?

What the party would like is a re-run of the Johnson-Sunak show, but it’s doubtful either man would accept that - too much animosity has flowed between them.

What’s missing from all this is the view of the nation. What we’ve been treated to so far is internecine warfare within a narrow constituency – the Tories’ 357 MPs and 150,000 members.

The Tories may decide that after everything that has occurred, they’ve got nothing to lose, Johnson is the one person who can weld them together. In theory, there are still two years to go, although the demands for an early general election will intensify. They know, too, that despite his lead in the polls, the electorate has never warmed to Sir Keir Starmer.

Johnson couldn’t, could he? Weirdly, across the Atlantic, the Americans are asking the same of a former President. Johnson and Trump. They could, you know. They really could.

Why your domicile status is important

Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

Tell-tale signs of burnout

- loss of confidence and appetite

- irritability and emotional outbursts

- sadness

- persistent physical ailments such as headaches, frequent infections and fatigue

- substance abuse, such as smoking or drinking more

- impaired judgement

- excessive and continuous worrying

- irregular sleep patterns

 

Tips to help overcome burnout

Acknowledge how you are feeling by listening to your warning signs. Set boundaries and learn to say ‘no’

Do activities that you want to do as well as things you have to do

Undertake at least 30 minutes of exercise per day. It releases an abundance of feel-good hormones

Find your form of relaxation and make time for it each day e.g. soothing music, reading or mindful meditation

Sleep and wake at the same time every day, even if your sleep pattern was disrupted. Without enough sleep condition such as stress, anxiety and depression can thrive.

How it works

1) The liquid nanoclay is a mixture of water and clay that aims to convert desert land to fertile ground

2) Instead of water draining straight through the sand, it apparently helps the soil retain water

3) One application is said to last five years

4) The cost of treatment per hectare (2.4 acres) of desert varies from $7,000 to $10,000 per hectare 

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Dates for the diary

To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:

  • September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
  • October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
  • October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
  • November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
  • December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
  • February 2, 2018 Bodytree will host its 4th annual yoga market.
UAE%20Warriors%2045%20Results
%3Cp%3E%3Cstrong%3E%0DMain%20Event%0D%3A%20Lightweight%20Title%3C%2Fstrong%3E%0D%3Cbr%3EAmru%20Magomedov%20def%20Jakhongir%20Jumaev%20-%20Round%201%20(submission)%0D%3Cbr%3E%3Cstrong%3ECo-Main%20Event%0D%3A%20Bantamweight%3C%2Fstrong%3E%0D%3Cbr%3ERany%20Saadeh%20def%20Genil%20Franciso%20-%20Round%202%20(submission)%0D%3Cbr%3E%3Cstrong%3ECatchweight%20150%20lbs%3C%2Fstrong%3E%0D%3Cbr%3EWalter%20Cogliandro%20def%20Ali%20Al%20Qaisi%20-%20Round%201%20(TKO)%0D%3Cbr%3E%3Cstrong%3EBantamweight%3C%2Fstrong%3E%0D%3Cbr%3ERenat%20Khavalov%20def%20Hikaru%20Yoshino%20-%20Round%202%20(TKO)%0D%3Cbr%3E%3Cstrong%3EFlyweight%3C%2Fstrong%3E%0D%3Cbr%3EVictor%20Nunes%20def%20Nawras%20Abzakh%20-%20Round%201%20(TKO)%0D%3Cbr%3E%3Cstrong%3EFlyweight%3C%2Fstrong%3E%0D%3Cbr%3EYamato%20Fujita%20def%20Sanzhar%20Adilov%20-%20Round%201%20(submission)%0D%3Cbr%3E%3Cstrong%3ELightweight%3C%2Fstrong%3E%0D%3Cbr%3EAbdullo%20Khodzhaev%20def%20Petru%20Buzdugen%20-%20Round%201%20(TKO)%0D%3Cbr%3E%3Cstrong%3ECatchweight%20139%20lbs%3C%2Fstrong%3E%0D%3Cbr%3ERazhabali%20Shaydullaev%20def%20Magomed%20Al-Abdullah%20-%20Round%202%20(submission)%0D%3Cbr%3E%3Cstrong%3EFlyweight%3C%2Fstrong%3E%0D%3Cbr%3ECong%20Wang%20def%20Amena%20Hadaya%20-%20Points%20(unanimous%20decision)%0D%3Cbr%3E%3Cstrong%3EMiddleweight%3C%2Fstrong%3E%0D%3Cbr%3EKhabib%20Nabiev%20def%20Adis%20Taalaybek%20Uulu%20-%20Round%202%20(submission)%0D%3Cbr%3E%3Cstrong%3ELight%20Heavyweight%3C%2Fstrong%3E%0D%3Cbr%3EBartosz%20Szewczyk%20def%20Artem%20Zemlyakov%20-%20Round%202%20(TKO)%3C%2Fp%3E%0A
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About Seez

Company name/date started: Seez, set up in September 2015 and the app was released in August 2017  

Founder/CEO name(s): Tarek Kabrit, co-founder and chief executive, and Andrew Kabrit, co-founder and chief operating officer

Based in: Dubai, with operations also in Kuwait, Saudi Arabia and Lebanon 

Sector:  Search engine for car buying, selling and leasing

Size: (employees/revenue): 11; undisclosed

Stage of funding: $1.8 million in seed funding; followed by another $1.5m bridge round - in the process of closing Series A 

Investors: Wamda Capital, B&Y and Phoenician Funds 

World Cricket League Division 2

In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.

UAE fixtures

Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Fourth-round clashes for British players

- Andy Murray (1) v Benoit Paire, Centre Court (not before 4pm)

- Johanna Konta (6) v Caroline Garcia (21), Court 1 (4pm)

ASHES FIXTURES

1st Test: Brisbane, Nov 23-27 
2nd Test: Adelaide, Dec 2-6
3rd Test: Perth, Dec 14-18
4th Test: Melbourne, Dec 26-30
5th Test: Sydney, Jan 4-8

The specs: 2018 Maxus T60

Price, base / as tested: Dh48,000

Engine: 2.4-litre four-cylinder

Power: 136hp @ 1,600rpm

Torque: 360Nm @ 1,600 rpm

Transmission: Five-speed manual

Fuel consumption, combined: 9.1L / 100km

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The specs
Engine: 2.4-litre 4-cylinder

Transmission: CVT auto

Power: 181bhp

Torque: 244Nm

Price: Dh122,900 

The specs: 2018 Maserati Levante S

Price, base / as tested: Dh409,000 / Dh467,000

Engine: 3.0-litre V6

Transmission: Eight-speed automatic

Power: 430hp @ 5,750rpm

Torque: 580Nm @ 4,500rpm

Fuel economy, combined: 10.9L / 100km

MATCH INFO

Uefa Champions League, last-16 second leg
Paris Saint-Germain (1) v Borussia Dortmund (2)
Kick-off: Midnight, Thursday, March 12
Stadium: Parc des Princes
Live: On beIN Sports HD

Fight card

Preliminaries:

Nouredine Samir (UAE) v Sheroz Kholmirzav (UZB); Lucas Porst (SWE) v Ellis Barboza (GBR); Mouhmad Amine Alharar (MAR) v Mohammed Mardi (UAE); Ibrahim Bilal (UAE) v Spyro Besiri (GRE); Aslamjan Ortikov (UZB) v Joshua Ridgwell (GBR)

Main card:

Carlos Prates (BRA) v Dmitry Valent (BLR); Bobirjon Tagiev (UZB) v Valentin Thibaut (FRA); Arthur Meyer (FRA) v Hicham Moujtahid (BEL); Ines Es Salehy (BEL) v Myriame Djedidi (FRA); Craig Coakley (IRE) v Deniz Demirkapu (TUR); Artem Avanesov (ARM) v Badreddine Attif (MAR); Abdulvosid Buranov (RUS) v Akram Hamidi (FRA)

Title card:

Intercontinental Lightweight: Ilyass Habibali (UAE) v Angel Marquez (ESP)

Intercontinental Middleweight: Amine El Moatassime (UAE) v Francesco Iadanza (ITA)

Asian Featherweight: Zakaria El Jamari (UAE) v Phillip Delarmino (PHI)

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Russia's Muslim Heartlands

Dominic Rubin, Oxford

Updated: October 20, 2022, 5:09 PM