Shadow Foreign Secretary David Lammy said a Labour government would focus on working people. PA
Shadow Foreign Secretary David Lammy said a Labour government would focus on working people. PA
Shadow Foreign Secretary David Lammy said a Labour government would focus on working people. PA
Shadow Foreign Secretary David Lammy said a Labour government would focus on working people. PA

Labour will work to counter increased geopolitical instability, David Lammy says


Soraya Ebrahimi
  • English
  • Arabic

The shadow Foreign Secretary has said a Labour government will revamp Britain’s foreign policy apparatus to help rebuild prosperity with a focus on the priorities of working people in the UK.

Under the Conservatives, the Foreign, Commonwealth and Development Office (FCDO) has been left without the economic and industrial expertise it needs to deal with the challenges of a modern global economy, David Lammy said.

He said more needed to be done to counter increased geopolitical instability abroad, which leads directly to rocketing energy bills and rising prices at the supermarket checkout at home.

“Labour will make foreign policy choices with working people at the forefront of our minds," he said.

Under a Labour government, diplomats would be instructed to seek exemption to the US Inflation Reduction Act subsidy regime and a new approach to trade with Europe while remaining outside the EU single market and customs union.

Labour would also establish a new joint FCDO-Home Office cell counter threats and bolster UK security in the face of hostile foreign powers such as Russia and Iran.

Working in partnership with intelligence and security agencies, it would assess the threat from foreign states, disrupt hostile actors and develop new frameworks to protect democracies from interference and misinformation.

Labour Party Conference - in pictures

  • Britain's Labour Party leader Keir Starmer makes his keynote address during the Labour Party Conference at the Arena Convention Centre in Liverpool. PA
    Britain's Labour Party leader Keir Starmer makes his keynote address during the Labour Party Conference at the Arena Convention Centre in Liverpool. PA
  • Mr Starmer gestures during his speech. Getty Images
    Mr Starmer gestures during his speech. Getty Images
  • Mr Starmer and his wife Victoria arrive on the third day of the annual Labour Party Conference in Liverpool. AFP
    Mr Starmer and his wife Victoria arrive on the third day of the annual Labour Party Conference in Liverpool. AFP
  • Delegates vote on day two of the Labour Party Conference. Getty Images
    Delegates vote on day two of the Labour Party Conference. Getty Images
  • Labour Party deputy leader Angela Rayner speaks during a television interview. AFP
    Labour Party deputy leader Angela Rayner speaks during a television interview. AFP
  • Delegates attend the third day of the annual conference in Liverpool. AFP
    Delegates attend the third day of the annual conference in Liverpool. AFP
  • Anti-Brexit protester Steve Bray holds a placard outside the entrance. Reuters
    Anti-Brexit protester Steve Bray holds a placard outside the entrance. Reuters
  • Mr Starmer speaks at the Faith In Labour reception during the Labour Party Conference. Getty Images
    Mr Starmer speaks at the Faith In Labour reception during the Labour Party Conference. Getty Images
  • Labour's shadow home secretary Yvette Cooper delivers a speech. Getty Images
    Labour's shadow home secretary Yvette Cooper delivers a speech. Getty Images
  • Mr Starmer poses for a photograph with his wife Victoria over breakfast in a hotel before his address. AFP
    Mr Starmer poses for a photograph with his wife Victoria over breakfast in a hotel before his address. AFP
  • Wes Streeting, the shadow secretary of state for health and social care, is interviewed on morning television. EPA
    Wes Streeting, the shadow secretary of state for health and social care, is interviewed on morning television. EPA
  • Mr Starmer prepares for his speech. Reuters
    Mr Starmer prepares for his speech. Reuters
  • Delegates arrive at the Arena Convention Centre in Liverpool. EPA
    Delegates arrive at the Arena Convention Centre in Liverpool. EPA
  • Mr Starmer, left, and former England football player Gary Neville speak on the main stage on the second day of the annual Labour Party Conference. AFP
    Mr Starmer, left, and former England football player Gary Neville speak on the main stage on the second day of the annual Labour Party Conference. AFP
  • Shadow chief secretary to the treasury Pat McFadden, shadow exchequer secretary to the treasury Abena Oppong-Asare, shadow chancellor of the exchequer Rachel Reeves, shadow economic secretary Tulip Siddiq and shadow financial secretary to the treasury James Murray on day two of the Labour Party Conference. Getty Images
    Shadow chief secretary to the treasury Pat McFadden, shadow exchequer secretary to the treasury Abena Oppong-Asare, shadow chancellor of the exchequer Rachel Reeves, shadow economic secretary Tulip Siddiq and shadow financial secretary to the treasury James Murray on day two of the Labour Party Conference. Getty Images
  • Shadow foreign secretary Lisa Nandy speaks. Reuters
    Shadow foreign secretary Lisa Nandy speaks. Reuters

“The FCDO lacks sufficient economic and industrial expertise necessary to navigate the challenges of the modern global economy, whether it be the regulation of emerging technology, or the race to secure the supply of rare earth elements,” Mr Lammy said.

“We need an FCDO equipped for the challenges of the future, retooled and re-equipped for a new era of geo-economics, disinformation and technological changes, driven by sustainable growth in the UK and accelerating our transition into a green superpower.

“Modern conflicts are being waged through manipulating energy prices, using critical technologies or resources as bargaining chips, launching cyberattacks and spreading misinformation, and detaining foreign nationals.

“These threats often exist in the grey zone, blurring the lines between peace and war. We need a co-ordinated response to counter modern state threats.”

Mr Lammy reaffirmed Labour’s “unshakeable” commitment to Nato and its support for Ukraine, while seeking a new UK-EU security pact.

He promised to push for a “clean power alliance” of developed and developing nations committed to 100 per cent clean power by 2030, while maintaining support for the international rule of law.

“Undermining international law runs counter to Britain’s interests. It damages our moral authority and political credibility,” he said.

“It makes us appear unreliable and untrustworthy, making future agreements more challenging to reach. In doing so, it serves the interests of authoritarians and dictators who seek to weaken the rule of law.”

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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Ads on social media can 'normalise' drugs

A UK report on youth social media habits commissioned by advocacy group Volteface found a quarter of young people were exposed to illegal drug dealers on social media.

The poll of 2,006 people aged 16-24 assessed their exposure to drug dealers online in a nationally representative survey.

Of those admitting to seeing drugs for sale online, 56 per cent saw them advertised on Snapchat, 55 per cent on Instagram and 47 per cent on Facebook.

Cannabis was the drug most pushed by online dealers, with 63 per cent of survey respondents claiming to have seen adverts on social media for the drug, followed by cocaine (26 per cent) and MDMA/ecstasy, with 24 per cent of people.

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.”

DUBAI WORLD CUP RACE CARD

6.30pm Meydan Classic Trial US$100,000 (Turf) 1,400m

7.05pm Handicap $135,000 (T) 1,400m

7.40pm UAE 2000 Guineas Group Three $250,000 (Dirt) 1,600m

8.15pm Dubai Sprint Listed Handicap $175,000 (T) 1,200m

8.50pm Al Maktoum Challenge Round-2 Group Two $450,000 (D) 1,900m

9.25pm Handicap $135,000 (T) 1,800m

10pm Handicap $135,000 (T) 1,400m

 

The National selections

6.30pm Well Of Wisdom

7.05pm Summrghand

7.40pm Laser Show

8.15pm Angel Alexander

8.50pm Benbatl

9.25pm Art Du Val

10pm: Beyond Reason

FIRST TEST SCORES

England 458
South Africa 361 & 119 (36.4 overs)

England won by 211 runs and lead series 1-0

Player of the match: Moeen Ali (England)

 

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Rating: 3/5

Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.

Brief scoreline:

Toss: South Africa, elected to bowl first

England (311-8): Stokes 89, Morgan 57, Roy 54, Root 51; Ngidi 3-66

South Africa (207): De Kock 68, Van der Dussen 50; Archer 3-27, Stokes 2-12

Updated: March 28, 2023, 8:28 PM