Wood, plastics and other detritus line the shoreline of the Thames estuary. Getty
Wood, plastics and other detritus line the shoreline of the Thames estuary. Getty
Wood, plastics and other detritus line the shoreline of the Thames estuary. Getty
Wood, plastics and other detritus line the shoreline of the Thames estuary. Getty

England to ban some single-use plastic items from October


Neil Murphy
  • English
  • Arabic

England will ban a range of single-use plastic items, such as cutlery, plates and bowls, from October in an effort to limit soaring plastic pollution, Britain's environment department said on Saturday.

The decision follows a public consultation by the government in which 95 per cent of respondents were in favour of the bans, the department said.

"We all know the absolutely devastating impacts that plastic can have on our environment and wildlife," Environment Secretary Therese Coffey said. "These new single-use plastics bans will continue our vital work to protect the environment."

Most plastics can remain intact for centuries and damage oceans, rivers and land where millions of tonnes end up as waste each year. The United Nations said decades of overuse of single-use plastics has caused a "global environmental catastrophe".

The government said it is estimated England uses 2.7 billion items of single-use cutlery, most of which are plastic, a year as well as 721 million such plates, but only 10 per cent end up being recycled.

England's ban will also include single-use plastic trays, balloon sticks and some types of polystyrene cups and food containers.

A ban on supplying plastic straws and stirrers and plastic-stemmed cotton buds came into force in England in 2020.

Anti-plastic campaign group A Plastic Planet welcomed the latest bans but called for further limitations, especially on sachets.

"The plastic sachet, the ultimate symbol of our grab and go, convenience-addicted lifestyle, should be the next target ... 855 billion sachets are used annually, never to be recycled," Sian Sutherland, the group's co-founder, said.

The British government said it was also considering limiting the use of other commonly littered and "promblematic" plastic items including wet wipes, tobacco filters and sachets.

Governments worldwide are clamping down on the use of single-use plastic in varying degrees, and a global survey last year found three in four people want single-use plastics to be banned as soon as possible.

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Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

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Rating: 2.5/5 

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.”

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Updated: January 14, 2023, 4:14 AM