The leaders of the UK and EU were holding "final talks" on Monday to seal a Northern Ireland trade deal after months of haggling over Brexit.
European Commission president Ursula von der Leyen said the UK and EU were on the brink of a "new chapter" as she arrived in Britain for talks with Prime Minister Rishi Sunak.
She will meet King Charles as part of her trip, despite concerns such a meeting would drag the king into politics. Buckingham Palace said it was normal for him to meet visiting leaders.
Her meeting with Mr Sunak took place near the royal Windsor Castle, with any Brexit deal potentially labelled the Windsor Agreement.
If a deal is reached, Mr Sunak is expected to brief his Cabinet, hold a joint press conference with Ms von der Leyen and deliver a statement in the House of Commons.
“The Prime Minister wants to ensure any deal fixes the practical problems on the ground, ensures trade flows freely within the whole of the UK, safeguards Northern Ireland’s place in our union and returns sovereignty to the people of Northern Ireland," Downing Street officials said.
Mr Sunak faces a tough battle to sell any deal to fellow Conservatives and to unionist MPs from Northern Ireland, with the 25th anniversary of the Belfast, or Good Friday, peace agreement looming large.
A former leader of the Ulster Unionist Party, Steve Aiken, told The National there was "no trust" between the UK government and Northern Irish businesses.
"They are talking over Northern Ireland. They are not talking to Northern Ireland,” Mr Aiken said of the UK and the EU.
"The reason the Belfast Agreement worked was because the Northern Ireland parties were around the table at all stages. There was a degree of buy-in from all communities because they were all involved.”
EU negotiator Maros Sefcovic was expected to brief officials from the bloc's 27 member states once a deal is reached. Diplomats said they had not yet received any details.
The meeting comes after intensive negotiations with the EU over the past few months, in which there was "positive, constructive progress”, according to Downing Street.
The UK and the EU have been at loggerheads over Northern Ireland — the only part of the UK that shares a border with an EU member, the Republic of Ireland — since Britain's exit from the trade bloc became final in 2020.
When the UK left the EU, the two sides agreed to keep the Irish border free of customs posts and other checks because an open border is a key pillar of Northern Ireland’s peace process.
Under the agreement, there are checks on some goods entering Northern Ireland from the rest of the UK.
That angers British unionist politicians, who insist that the new trade border undermines Northern Ireland's place in the UK.
Northern Ireland's power-sharing government has been non-functional since the Democratic Unionist party (DUP) walked out a year ago over the Protocol.
Speaking on Monday ahead of the meeting, prominent Brexiteer Jacob Rees-Mogg refused to say whether he supported the potential deal.
"There are two things we need to know. One is what the DUP thinks, because the protocol itself sets out in its first article that it is subsidiary to the Good Friday Belfast agreement. So if the DUP think it doesn't meet that test that will be very influential among Conservative MPs,” he told Good Morning Britain.
"And I am afraid with all EU deals, the devil is in the detail.”
He said from what he had heard, Mr Sunak had "done very well”.
"But I am not sure he has achieved the objective of getting the DUP back into power sharing, which is the fundamental point of it,” said Mr Rees-Mogg.
The latest announcement opens the door for a possible unveiling of new protocol terms during the German politician’s visit on Monday.
The commission’s online calendar says Ms von der Leyen’s meeting with Mr Sunak on Monday will take place in Windsor.
Had Saturday led to a breakthrough, Downing Street had reportedly been keen to call the deal the “Windsor Agreement”.
Mr Sunak on Saturday told The Sunday Times that he planned to work all weekend to revise the terms as he tries to keep hardline Conservative Brexiteers and the Democratic Unionist Party on side.
He said he was “giving it everything we’ve got” to finalise a fix for the protocol, a Brexit treaty negotiated by former prime minister Boris Johnson.
The protocol, signed by Mr Johnson in 2020, was designed to prevent a hard border with Ireland after Brexit, with Northern Ireland continuing to follow EU rules on goods to prevent checks being needed when crossing into the Republic.
But the trade barriers between Northern Ireland and Britain created by the treaty have caused Unionist tension, with Mr Sunak admitting they had “unbalanced” the Good Friday Agreement that helped to end the Troubles in the province.
DUP leader Jeffrey Donaldson has issued seven tests that Mr Sunak’s new pact will have to meet to win the party’s backing.
They include addressing the “democratic deficit” of Northern Ireland being subject to EU rules while not having a say in them.
Mr Raab, who is also the Justice Secretary, appeared to set out some of what has been agreed to so far negotiations.
The Leave campaigner said it was “right that there is a Northern Irish democratic check” on new rules the EU makes that apply to Belfast — a hint that Mr Sunak has tried to address the DUP’s concern over the democratic deficit.
He indicated that reports of red and green lanes to ease customs checks in Northern Ireland were correct.
“Those are the kind of things we have been pushing for,” he told Sky News.
Several reports have suggested that trusted traders would be able to send goods from Britain into Northern Ireland without checks, while goods destined for Ireland and the EU’s single market would go through red inspection lanes.
Mr Raab said the cut to trade bureaucracy would lead to a “substantial scaling back” of the role of the European Court of Justice, but he refused to rule out it having a say on future legal cases.
The ability of European judges to rule on disputes involving EU laws in Northern Ireland is a particular problem for Tory Eurosceptics.
Mark Francois, chairman of the European Research Group (ERG) of anti-EU Conservative MPs, told Sky that “less of a role” for the Luxembourg court was “not enough” of a concession.
Mr Sunak is expected to face anger within his party if he does not give Parliament a vote on any agreement with Brussels.
Mr Raab was reluctant to commit to giving MPs a vote.
The Justice Secretary, facing a number of questions on whether a vote would take place, told Sky: “I think, inevitably, Parliament will find a way to have its say.”
Mr Francois warned that any attempt by Downing Street to “bludgeon this through the House of Commons without a vote of any kind would be incredibly unwise”.
Mr Sunak is keen for his party to unite in any vote, to avoid him having to rely on Labour votes, with Keir Starmer’s party offering its backing if he fixes the major protocol obstacles.
But Mr Francois said that without the DUP’s support for any protocol deal, the revisions are “simply not going to fly”, leading to speculation that the ERG could also withhold voting in favour.
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
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UAE currency: the story behind the money in your pockets
LIVERPOOL SQUAD
Alisson Becker, Virgil van Dijk, Georginio Wijnaldum, James Milner, Naby Keita, Roberto Firmino, Sadio Mane, Mohamed Salah, Joe Gomez, Adrian, Jordan Henderson, Alex Oxlade-Chamberlain, Adam Lallana, Andy Lonergan, Xherdan Shaqiri, Andy Robertson, Divock Origi, Curtis Jones, Trent Alexander-Arnold, Neco Williams
What are the GCSE grade equivalents?
- Grade 9 = above an A*
- Grade 8 = between grades A* and A
- Grade 7 = grade A
- Grade 6 = just above a grade B
- Grade 5 = between grades B and C
- Grade 4 = grade C
- Grade 3 = between grades D and E
- Grade 2 = between grades E and F
- Grade 1 = between grades F and G
The specs: Lamborghini Aventador SVJ
Price, base: Dh1,731,672
Engine: 6.5-litre V12
Gearbox: Seven-speed automatic
Power: 770hp @ 8,500rpm
Torque: 720Nm @ 6,750rpm
Fuel economy: 19.6L / 100km
'Nightmare Alley'
Director:Guillermo del Toro
Stars:Bradley Cooper, Cate Blanchett, Rooney Mara
Rating: 3/5
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
NATIONAL%20SELECTIONS
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Gender pay parity on track in the UAE
The UAE has a good record on gender pay parity, according to Mercer's Total Remuneration Study.
"In some of the lower levels of jobs women tend to be paid more than men, primarily because men are employed in blue collar jobs and women tend to be employed in white collar jobs which pay better," said Ted Raffoul, career products leader, Mena at Mercer. "I am yet to see a company in the UAE – particularly when you are looking at a blue chip multinationals or some of the bigger local companies – that actively discriminates when it comes to gender on pay."
Mr Raffoul said most gender issues are actually due to the cultural class, as the population is dominated by Asian and Arab cultures where men are generally expected to work and earn whereas women are meant to start a family.
"For that reason, we see a different gender gap. There are less women in senior roles because women tend to focus less on this but that’s not due to any companies having a policy penalising women for any reasons – it’s a cultural thing," he said.
As a result, Mr Raffoul said many companies in the UAE are coming up with benefit package programmes to help working mothers and the career development of women in general.
Like a Fading Shadow
Antonio Muñoz Molina
Translated from the Spanish by Camilo A. Ramirez
Tuskar Rock Press (pp. 310)
Company%20profile
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STAGE%201%20RESULTS
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EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
STAY%2C%20DAUGHTER
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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)
The biog
Name: Younis Al Balooshi
Nationality: Emirati
Education: Doctorate degree in forensic medicine at the University of Bonn
Hobbies: Drawing and reading books about graphic design
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5