Junior doctors stage a protest over pay in London. PA
Junior doctors stage a protest over pay in London. PA
Junior doctors stage a protest over pay in London. PA
Junior doctors stage a protest over pay in London. PA

Junior doctors must cancel strikes for pay talks, says UK government


Marwa Hassan
  • English
  • Arabic

The British government has stated that pay talks with junior doctors will only proceed if the British Medical Association union calls off its planned strike, which is set to disrupt patient services next week.

Medics in England are planning to walk out in a bitter pay dispute, but the Department of Health and Social Care has insisted that the BMA must first call off the strike for negotiations to take place.

The union had suggested that a “credible” offer from Health Secretary Steve Barclay could result in the strike being suspended, but the department said that the BMA must show it is prepared to move significantly from its ask before negotiations can progress.

The co-leaders of the BMA junior doctors’ committee, Vivek Trivedi and Rob Laurenson, said they were ready to consider any credible offer from the minister that indicates his seriousness about resolving 15 years of “pay erosion”.

Health leaders have warned that patient care “rests on a knife-edge” before the strikes and have expressed concerns about being unable to provide safe care.

The NHS Confederation has said that health leaders are bracing themselves for the most significant strikes in a decade and have urged the government and trade unions to do everything they can to call them off.

  • Junior doctors on the picket outside St. Thomas' Hospital in London. EPA
    Junior doctors on the picket outside St. Thomas' Hospital in London. EPA
  • They have begun a three-day strike across England in a dispute over pay and conditions. Reuters
    They have begun a three-day strike across England in a dispute over pay and conditions. Reuters
  • NHS junior doctors shout slogans outside the Freeman Hospital in Newcastle. PA
    NHS junior doctors shout slogans outside the Freeman Hospital in Newcastle. PA
  • The British Medical Association is calling for a 35 per cent pay rise for the profession. Reuters
    The British Medical Association is calling for a 35 per cent pay rise for the profession. Reuters
  • The picket line at Leeds General Infirmary. EPA
    The picket line at Leeds General Infirmary. EPA
  • Protesting medics outside Queen Elizabeth Hospital in Birmingham. PA
    Protesting medics outside Queen Elizabeth Hospital in Birmingham. PA
  • Protesters place placards outside St. Thomas' Hospital in London. EPA
    Protesters place placards outside St. Thomas' Hospital in London. EPA

Layla McCay, director of policy at the NHS Confederation, said that health leaders are doing their best to mitigate risks and prioritise the most life-critical services.

“They want to send a reassuring message to their local communities but they are deeply concerned about not being able to provide safe care as they cannot rely on the same staffing levels as they have done with previous strikes,” Dr McCay said.

The four-day strikes will run from 6.59am on Tuesday until 6.59am on Saturday, April 15, immediately after the Easter bank holiday weekend.

The DHSC has warned that the strikes would risk patient safety and cause further disruption and postponed treatments, and that the BMA's demand for a 35 per cent pay rise is unreasonable.

The government has said that it wants to find a rapid solution that balances fairly rewarding junior doctors for their hard work with meeting the government’s ambition to halve inflation, and that talks need to be private, with both parties respecting the confidentiality of the process, as has been the case with other health unions.

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The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

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Selected others: -1 P Casey (Eng), R Fowler (US), T Hatton (Eng)

Level B DeChambeau (US), J Rose (Eng) 

1 L Westwood (Eng), J Spieth (US)

3 R McIlroy (NI)

4 D Johnson (US)

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7.50pm: Handicap (TB) Dh 82,500 (D) 1,600m
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8.50pm: The Entisar Listed (TB) Dh 132,500 (D) 2,000m
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Winner: Zhou Storm, Connor Beasley, Ali Rashid Al Raihe.

The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

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Squads

India (for first three ODIs) Kohli (capt), Rohit, Rahul, Pandey, Jadhav, Rahane, Dhoni, Pandya, Axar, Kuldeep, Chahal, Bumrah, Bhuvneshwar, Umesh, Shami.

Australia Smith (capt), Warner, Agar, Cartwright, Coulter-Nile, Cummins, Faulkner, Finch, Head, Maxwell, Richardson, Stoinis, Wade, Zampa.

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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ASHES FIXTURES

1st Test: Brisbane, Nov 23-27 
2nd Test: Adelaide, Dec 2-6
3rd Test: Perth, Dec 14-18
4th Test: Melbourne, Dec 26-30
5th Test: Sydney, Jan 4-8

Ruwais timeline

1971 Abu Dhabi National Oil Company established

1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants

1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed

1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.  

1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex

2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea

2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd

2014 Ruwais 261-outlet shopping mall opens

2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies

2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export

2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.

2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery 

2018 NMC Healthcare selected to manage operations of Ruwais Hospital

2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13

Source: The National

Updated: April 07, 2023, 8:51 PM