Liz Truss's government was teetering on the brink on Thursday as Tory MPs called for her to step down following an extraordinary day of chaos in Westminster.
Ms Truss was dealt a a huge blow on Wednesday with the departure of Home Secretary Suella Braverman over a security breach, followed by mayhem in the House of Commons regarding what was seen as a confidence vote in her crumbling government.
Ms Braverman said she had made “a mistake” by sending an official document regarding migration policy via her personal phone and had tendered her resignation. The government's immigration policy is a market-sensitive issue, one tied up with the upcoming financial statement designed to stabilise the markets.
Although her departure was not directly caused by the performance of Ms Truss, she did take a swipe at the prime minister, saying she had concerns over the direction of the government “breaking key pledges to voters” and not “honouring manifesto commitments”.
In her leaving statement, the champion of the Conservative right hinted that Ms Truss should consider her position as prime minister.
“Pretending we haven't made mistakes, carrying on as if everyone can't see we've made them, and hoping things will magically come right is not serious politics,” she said.
Her exit, coming just five days after Kwasi Kwarteng’s sacking as chancellor, means the prime minister has lost two people from the four great offices of state within her first six weeks in office, with all eyes on whether other Cabinet ministers could follow suit.
Chaos in the Commons
There was further chaos in the Commons over a fracking vote and confusion over whether the chief and deputy chief whip had quit. Tory MPs had been told it should be considered a vote of confidence in the government with a “100 per cent hard” three-line whip, meaning any Tory MP that rebelled could be thrown out of the parliamentary party.
The exodus appeared to continue with speculation that Chief Whip Wendy Morton and her deputy Craig Whittaker walked out after a last-minute U-turn on a threat to strip the whip from Conservative MPs if they backed a Labour challenge over fracking. After hours of uncertainty over their departure, Downing Street was forced to issue a clarification that both “remain in post”.
In extraordinary scenes at Westminster, Cabinet ministers Therese Coffey and Jacob Rees-Mogg were among a group of senior Tories accused of pressuring colleagues to go into the “no” lobby, with Labour former minister Chris Bryant saying some MPs had been “physically manhandled into another lobby and being bullied”.
Conservative MP Crispin Blunt said Ms Truss's position was now "untenable" and she should resign today.
Asked how he would describe her position on Thursday morning, he told BBC Radio 4’s Today programme: “Wholly untenable. And if she doesn’t understand that then I would be astonished.
“But one of the qualities she has shown is a lack of self-knowledge to this whole process, because it ought to have been clear that she did not have the capacity to lead our party and I don’t think she should have put herself up for the leadership in the first place.
“All of that has now been confirmed. It’s plain what is required. We need to affect a change, frankly, today, in order to stop this shambles and give our country the governance it needs under our constitution.”
Backbencher Simon Hoare described the scenes as pandemonium, which summed up the day. On Thursday, he told the BBC that MPs were feeling anger and sadness about the situation and today would be a crunch day.
He said the country has a government “which wants to function but is buffeted by huge amounts of bad luck”. It was possible Ms Truss could restore confidence but had around 12 hours to “turn the ship around”.
Tory backbencher Sir Charles Walker, visibly emotional, told BBC News: “As a Tory MP of 17 years … I think it’s a shambles and a disgrace. I think it is utterly appalling. I’m livid.”
Several Tory MPs sided with him, including Maria Caulfield, who tweeted: “Tonight we are all Charles Walker.”
There is speculation that the chairman of the Tory backbench 1922 Committee, Sir Graham Brady, has already received more than 54 letters calling for a no-confidence vote in the Prime Minister, the threshold for triggering one if Ms Truss was not in the 12-month grace period for new leaders.
Grant Shapps, a critic of Ms Truss from the centre of the party and an ally of Rishi Sunak, has replaced Ms Braverman.
The new home secretary said he was looking forward to getting on with the job “regardless of what’s happening otherwise in Westminster”.
Speaking outside the Home Office, he said: “Obviously it has been a turbulent time for the government.
“But the most important thing is to make sure the people of this country know they’ve got security. That’s why it’s a great honour to be appointed as home secretary today.
“I’m looking forward to getting stuck into the role providing the security the British people need regardless of what’s happening otherwise in Westminster."
What did Ms Braverman say in her resignation letter?
In her resignation letter, which she tweeted, Ms Braverman said as home secretary she held herself to the highest standards and that resigning was “the right thing to do”. “The business of government relies upon people accepting responsibility for their mistakes,” she wrote.
It is a hammer blow to the prime minister who is struggling to retain her authority less than seven weeks into her tenure. In her own letter Ms Truss said she accepted the minister's decision to stand down, saying it was important Cabinet confidentiality is respected.
“I accept your resignation and respect the decision you have made. It is important the ministerial code is upheld and that Cabinet confidentiality is respected,” Ms Truss wrote.
Ms Truss has already sacked her original chancellor, Kwasi Kwarteng, after his mini-budget backfired.
Ms Braverman, who was appointed as home secretary in place of Priti Patel when Ms Truss came to power, was previously the attorney general but was promoted to one of the top Cabinet jobs after she raised her profile during an ultimately unsuccessful bid to become party leader in the summer. She was popular with backbench MPs and the party members.
As home secretary, Ms Braverman was in charge of MI5, Britain’s internal security service, that closely monitors extremists and terrorists, providing top secret information on which the politician has to make important decisions.
But she has also been heavily opposed to any relaxation of visas for immigrants, putting her in opposition to the prime minister who wants more migrants to help boost growth.
Downing Street sources have indicated that the security breach was a “genuine, honest mistake”, that the ministerial code had been breached and as a result Ms Braverman had effectively been sacked.
Rumours gripped Westminster after Ms Truss’s poor showing at Prime Minister's Questions after she remained working in her parliamentary office.
What next for the Prime Minister?
It is now thought that Ms Truss was having discussions on the action she should take in regards to the security breach.
The dismissal of a right-wing MP could lead to a reaction to Ms Truss’s authority from the Brexiteer wing of the party, to which Ms Braverman will now return.
There are already fears among Brexiteers that the prime minister might cave in to European Union demands on the Northern Ireland Protocol. This could lead to crucial loss of support from the European Research Group of MPs and further threaten her leadership.
Ms Braverman, who was appointed on September 6, becomes the shortest serving home secretary since the Duke of Wellington, who was in office for just 30 days in 1843.
During her short time in the job she caused controversy by suggesting at Conservative Party conference there had been a coup by MPs forcing Ms Truss's plan to scrap the top rate of tax to be overturned, and caused a row with the Indian government during trade talks over comments about immigrants overstaying and criticised “Guardian-reading, tofu-eating wokerati” for supporting environmental protests.
Separately, one of the prime minister’s senior aides, Jason Stein, has reportedly been suspended pending an investigation by the Cabinet Office propriety and ethics team into briefings against Sajid Javid.
Earlier, Ms Truss faced MPs in the House of Commons for just her third PMQs as she battled to keep her beleaguered premiership intact. How her rebellious MPs judged her performance during the showdown could decide her future, just six weeks into her tenure in Downing Street.
Ms Truss said that she had no intention of stepping down as prime minister, insisting she is “a fighter, not a quitter”.
With elections to the 1922 Committee completed late on Tuesday, the powerful grouping of backbench MPs may set new rules to trigger a confidence vote in Ms Truss’s leadership.
Ms Truss began Wednesday's session by repeating that she accepted she had made mistakes on the economy and again apologised.
She tried to get the upper hand by criticising opposition leader Sir Keir Starmer for refusing to condemn striking railway workers.
She was ridiculed by Sir Keir, who read out a list of her policies which had already been abandoned. He asked if “out by Christmas” was the title or publication date for a book being written about her time in office.
Sir Keir said the government had “crashed the economy” and read out a list of dropped economic policies, with Labour MPs shouting “gone” after each one.
He said: “Economic credibility — gone. And her supposed best friend the former chancellor, he’s gone as well. They’re all gone. So why is she still here?”
Ms Truss replied: “I am a fighter and not a quitter. I have acted in the national interest to make sure that we have economic stability.”
Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.
Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
KILLING OF QASSEM SULEIMANI
Auron Mein Kahan Dum Tha
Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar
Director: Neeraj Pandey
Rating: 2.5/5
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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.”
Know before you go
- Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
- If you’re driving, make sure your insurance covers Oman.
- By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
- Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
- Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.
SQUADS
Bangladesh (from): Shadman Islam, Mominul Haque, Soumya Sarkar, Shakib Al Hasan (capt), Mahmudullah Riyad, Mohammad Mithun, Mushfiqur Rahim, Liton Das, Taijul Islam, Mosaddek Hossain, Nayeem Hasan, Mehedi Hasan, Taskin Ahmed, Ebadat Hossain, Abu Jayed
Afghanistan (from): Rashid Khan (capt), Ihsanullah Janat, Javid Ahmadi, Ibrahim Zadran, Rahmat Shah, Hashmatullah Shahidi, Asghar Afghan, Ikram Alikhil, Mohammad Nabi, Qais Ahmad, Sayed Ahmad Shirzad, Yamin Ahmadzai, Zahir Khan Pakteen, Afsar Zazai, Shapoor Zadran
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
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Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
Oscars in the UAE
The 90th Academy Awards will be aired in the UAE from 3.30am on Monday, March 5 on OSN, with the ceremony starting at 5am
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
La Mer lowdown
La Mer beach is open from 10am until midnight, daily, and is located in Jumeirah 1, well after Kite Beach. Some restaurants, like Cupagahwa, are open from 8am for breakfast; most others start at noon. At the time of writing, we noticed that signs for Vicolo, an Italian eatery, and Kaftan, a Turkish restaurant, indicated that these two restaurants will be open soon, most likely this month. Parking is available, as well as a Dh100 all-day valet option or a Dh50 valet service if you’re just stopping by for a few hours.
LEADERBOARD
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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