Albania owes an apology to the UK over the destructive role it is playing in the Channel migrant crisis, a British MP has said.
Tim Loughton, Conservative MP for East Worthing and Shoreham, told The National that the influx of people from the Balkan nation has clearly “overwhelmed the system” and he called for a tougher approach from Prime Minister Rishi Sunak's administration.
The number of Albanians crossing the Channel in small boats has increased by more than 1400 per cent year-on-year, despite the European nation being considered a safe country.
‘Weak’ defence from Albania
Mr Sunak and the Home Secretary have repeatedly singled out Albanians while making pledges to crack down on illegal immigration, with Suella Braverman pointing the finger at the nation for its citizens making spurious claims that they are victims of modern slavery.
Qirjako Qirko, the Balkan country’s ambassador to the UK, hit back, telling The National that he would like to see politicians apologise for the “negative propaganda against Albanians”.
But Mr Loughton said that rather than criticise the UK for its handling of the spiralling migrant crisis, Mr Qirko would do better to offer an apology for his country’s role in it.
“I thought he gave very weak evidence,” Mr Loughton said of Mr Qirko’s recent appearance before the Home Affairs Select Committee in the British Parliament. “He made some rather injudicious complaints about the British government and Britain discriminating against Albanians.
“If I were the Albanian ambassador, I would not be criticising the UK for saying we need to do something particular about this surge in Albanians coming here, I would be apologising that this country has become the destination of choice for rather a lot of Albanians.
“It’s absolutely right they should be singled out because they [accounted for] over 50 per cent in the height of the summer of the nationalities of those coming across the Channel — disproportionate. So clearly, we need to do something about it.”
The Prime Minister last week used his first speech of 2023 to say stake his premiership on addressing five challenges, one of them illegal migration.
But Mr Loughton said his ability to stamp out the illegal practice rests largely on France, which he believes is punishing the UK for Brexit.
A fresh agreement between London and Paris is long overdue, he argued, in which French authorities would arrest anyone caught trying to cross the Channel illegally.
Currently, only suspected people smugglers are being detained when groups make a bid to depart beaches in northern France. The system means Mr Sunak simply “cannot guarantee” the boats will stop, Mr Loughton said.
‘Albania should get its own house in order’
In 2021, about 800 Albanians made the crossing, a figure which shot up to 12,000 last year.
Up to 2 per cent of the adult male population of Albania crossed the Channel in small boats in 2022, according to the Home Office.
Mr Loughton said the staggering data should cause alarm bells to go off in Tirana.
“That should be a serious cause for worry for the Albanian government,” he said. “Why are so many people trying to leave Albania?
“Albania has got some clear problems that it needs to sort out itself. It needs to look to put its own house in order before it starts criticising us. And to claim that it’s not really their problem — well, it is their problem.”
He was referring to Mr Qirko’s comments during an appearance before MPs in December. Asked if he would support any move by the UK government to introduce a blanket ban on asylum claims from Albanians, the ambassador acknowledged it is a “safe country” but said “it’s not my problem” to determine British migration rules.
Asylum claims lodged by Albanians are not recognised as legitimate by several EU countries such as France, Germany and Sweden.
The Eastern European nation of 2.8 million is a popular travel destination for Britons and travellers from other nations. Tour operators promote the country, which borders Greece, Montenegro, Kosovo and North Macedonia, as an “ideal destination” for those seeking hiking and sun holidays.
The country also has its eyes on future EU membership, having been granted candidate status from the bloc in 2014.
Mr Loughton called on No 10 to adopt a no-nonsense approach to illegal migrants from Albania and follow the lead of other European powers.
“We should not be accepting any asylum applications from Albania, other than in extreme circumstances,” he said. “We are way too soft on Albania.”
Mr Sunak in December announced a new agreement with Albania aimed at speeding up the return of migrants to their home country. The pact will lead to British Border Force agents being stationed at Tirana airport for the first time ever.
New laws needed to prevent migrants ‘gaming the system’
The thousands of Albanians and others claiming to be victims of modern-day slavery is only one element of Britain’s migrant crisis.
The debate over whether the rules should be changed to give asylum applicants the right to work drags on.
The Lift the Ban coalition, made up of more than 200 non-profit organisations, think tanks, businesses, trade unions and faith groups, is exerting pressure on the Conservative government to change the rules. They argue their research suggested the economy could grow by £97.8 million per year if the policy was altered.
Under the current law, people awaiting the outcome of an asylum claim can apply to work only after a year. Some MPs want the threshold lowered to six months, a move they say would plug gaps in the labour market.
Mr Loughton was last year among a handful of Tories who in April 2022 voted in favour of a parliamentary bid to change the rules, which failed to pass.
He argued the current system creates a loophole in which applicants, including Albanians, are “disappearing into the black labour market” and working under the radar for years on end.
“If we have very clear and legitimate activities that are allowed after a certain time, then it should make it easier for us to clamp down on those who are working in the black market and who are here completely illegitimately and don’t have a case to stay,” he said.
“I don’t think it will be a magnet, I think if anything it will make it much easier to differentiate between those who are here legitimately … and those who frankly never had a credible claim for asylum in the UK anyway and who are trying to game the system effectively.”
UK coastguard responds to migrant emergency in the Channel — in pictures
DUNGEONS%20%26%20DRAGONS%3A%20HONOR%20AMONG%20THIEVES
%3Cp%3EDirectors%3A%20John%20Francis%20Daley%20and%20Jonathan%20Goldstein%3Cbr%3EStars%3A%20Chris%20Pine%2C%20Michelle%20Rodriguez%2C%20Rege-Jean%20Page%2C%20Justice%20Smith%2C%20Sophia%20Lillis%3Cbr%3ERating%3A%203%2F5%3C%2Fp%3E%0A
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
The years Ramadan fell in May
Arsenal's pre-season fixtures
Thursday Beat Sydney 2-0 in Sydney
Saturday v Western Sydney Wanderers in Sydney
Wednesday v Bayern Munich in Shanghai
July 22 v Chelsea in Beijing
July 29 v Benfica in London
July 30 v Sevilla in London
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.”
MEYDAN%20RACECARD
%3Cp%3E%3Cstrong%3E6pm%20%3C%2Fstrong%3EArabian%20Adventures%20%E2%80%93%20Maiden%20(TB)%20Dh82%2C500%20(Dirt)%201%2C200m%0D%3Cbr%3E%3Cstrong%3E6.35pm%20%3C%2Fstrong%3EEmirates%20Sky%20Cargo%20%E2%80%93%20Handicap%20(TB)%2087%2C500%20(D)%202%2C000m%0D%3Cbr%3E%3Cstrong%3E7.10pm%20%3C%2Fstrong%3EEmirates%20Holiday%20%E2%80%93%20Maiden%20(TB)%20Dh82%2C500%20(D)%201%2C400m%0D%3Cbr%3E%3Cstrong%3E7.45pm%20%3C%2Fstrong%3EEmirates%20Skywards%20%E2%80%93%20Handicap%20(TB)%20Dh87%2C500%20(D)%201%2C400m%0D%3Cbr%3E%3Cstrong%3E8.20pm%3C%2Fstrong%3E%20Emirates%20Airline%20%E2%80%93%20Handicap%20(TB)%20Dh105%2C000%20(D)%201%2C600m%0D%3Cbr%3E%3Cstrong%3E8.55pm%20%3C%2Fstrong%3EEmirates%20Airline%20%E2%80%93%20Handicap%20(TB)%20Dh105%2C000%20(D)%201%2C900m%0D%3Cbr%3E%3Cstrong%3E9.30pm%20%3C%2Fstrong%3EEmirates.com%20%E2%80%93%20Handicap%20(TB_%20Dh87%2C500%20(D)%201%2C200m%3C%2Fp%3E%0A
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
The most expensive investment mistake you will ever make
When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.
“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.
This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).
|
Age
|
$250 a month
|
$500 a month
|
$1,000 a month
|
|
25
|
$640,829
|
$1,281,657
|
$2,563,315
|
|
35
|
$303,219
|
$606,439
|
$1,212,877
|
|
45
|
$131,596
|
$263,191
|
$526,382
|
|
55
|
$44,351
|
$88,702
|
$177,403
|
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
MATCH INFO
Uefa Champions League semi-finals, first leg
Liverpool v Roma
When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome
THE DETAILS
Kaala
Dir: Pa. Ranjith
Starring: Rajinikanth, Huma Qureshi, Easwari Rao, Nana Patekar
Rating: 1.5/5
The biog
Age: 23
Occupation: Founder of the Studio, formerly an analyst at Cleveland Clinic Abu Dhabi
Education: Bachelor of science in industrial engineering
Favourite hobby: playing the piano
Favourite quote: "There is a key to every door and a dawn to every dark night"
Family: Married and with a daughter
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
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A