Dealing with the backlog of migrant claims and providing safe routes for refugees are issues “worth dreaming about”, charities have said in an open letter to Home Secretary Suella Braverman.
More than 110 refugee charities are calling for a “kind and effective system” for those seeking asylum in the UK and have signed the letter to the Cabinet minister.
Ms Braverman said at a fringe event during the Conservative Party conference earlier this month, that her “dream” and “obsession” is seeing a plane taking off to Rwanda with migrants.
She has also said the only way for refugees to get into the UK is through a “safe and legal route”.
“Home Secretary, when you talk of ‘safe and legal routes’, you must be aware that it is impossible to ask refugees to come exclusively through such a path when even Afghan interpreters who are eligible for one of our few existing schemes remain in hiding from the Taliban,” the letter read.
“When you talk of ‘illegal migrants’, you must be aware that the top nationalities of people making dangerous journeys include Afghanistan, Eritrea and Syria, and that at least 97 per cent of asylum claims made by people from these countries are successful.
Migrant crossings on the English Channel surge amid heatwave — in pictures
“When you question the existence of ‘modern slavery’, you must be aware that you are dismantling your own party’s proud and internationally-recognised achievement in protecting the survivors of trafficking.
“And when you complain about the cost of housing asylum seekers, you must be aware that, while people seeking safety did not choose to leave their homelands, they are willing to work and keen to contribute, if only the law permitted them.
“You have referred to this country’s proud history of offering sanctuary, so we ask you to make this happen with a fair, kind and effective system for refugees.
Migrant children rescued in French waters — in pictures
“Deal with the backlog in asylum cases, create safe routes, respect international law, and the UN convention on refugees, and give refugees a fair hearing, however they get here. Then you would have really done something worth dreaming about.”
The letter, co-ordinated by charity IMIX and coalition campaign Together With Refugees, was signed by groups such as Choose Love, Christian Aid, City of Sanctuary UK, Doctors of the World, English National Opera, Freedom from Torture, Good Chance Theatre, JCORE, Jesuit Refugee Service, Rainbow Migration, Refugee Action, Refugee Council, Scottish Refugee Council, Safe Passage and Save the Children.
Afghan migrant documents dangerous journey across Channel — video
It came as almost 1,000 migrants arrived in the UK after crossing the Channel on Saturday.
Earlier this month, Ms Braverman said migrants crossing the Channel will face a ban from claiming asylum in Britain.
UK's first Rwanda deportation flight cancelled — video
“Every day in our therapy rooms torture survivors tell us about the hardship that 12 years of anti-refugee policies have caused them. Suella Braverman’s policy proposals promise to intensify their cruelty,” said Sonya Sceats, chief executive of Freedom from Torture.
“Braverman’s dream of flying refugees to Rwanda by Christmas seems even further from realisation after the airline hired to carry out the fights bowed to pressure from Freedom from Torture and pulled out of the scheme.
“This letter shows the depth of feeling against the government’s anti-refugee policies and that there are positive alternatives possible.”
The Home Office has been approached for comment.
Inside a refugee camp in Rwanda — video
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Newcastle United v Sheffield United (5pm)
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Man of the match: Joshua Kimmich (Bayern Munich)
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.”
More on Quran memorisation:
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
A%20MAN%20FROM%20MOTIHARI
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'The Woman in the House Across the Street from the Girl in the Window'
Director:Michael Lehmann
Stars:Kristen Bell
Rating: 1/5
Company%20profile%20
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EElggo%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20August%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Luma%20Makari%20and%20Mirna%20Mneimneh%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Education%20technology%20%2F%20health%20technology%3Cbr%3E%3Cstrong%3ESize%3A%3C%2Fstrong%3E%20Four%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-seed%3C%2Fp%3E%0A
Charlotte Gainsbourg
Rest
(Because Music)
The years Ramadan fell in May
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
Blonde
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