Rishi Sunak faces an immense fight to win the next election but creating 'wedge issues' will win back voters, analysts told The National. PA
Rishi Sunak faces an immense fight to win the next election but creating 'wedge issues' will win back voters, analysts told The National. PA
Rishi Sunak faces an immense fight to win the next election but creating 'wedge issues' will win back voters, analysts told The National. PA
Rishi Sunak faces an immense fight to win the next election but creating 'wedge issues' will win back voters, analysts told The National. PA

Rishi Sunak's ‘battle of the wedges’ to hold power


Thomas Harding
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The fight for Rishi Sunak to remain in power has begun as he takes on Labour with a raft of popular policies likely to be announced at the Conservative Party conference next week.

A mountain climb lies ahead if he is to claw back the 20 points he lags behind the opposition in opinion polls, but party members and analysts have told The National that creating “wedge issues” could prove the path to victory.

The conference in Manchester is like to be the last before a general election next year, and could mark the starting point where the British prime minister unites a fractured party and draws in a disengaged public.

“He has got to create wedge issues,” said Dr Alan Mendoza, of the Henry Jackson Society think tank. “Then it might be possible to win but it won't happen if all the Conservatives are offering is the same as Labour. There has to be a fresh agenda, a common sense agenda.”

That wedge campaign now appears to be firmly under way with Downing Street’s strategists coming up with a series of popular proposals to win back voters, using the Conservative Party conference beginning on Sunday as their launch pad.

Wedge campaign

Already Mr Sunak has made a punchy reversal of Britain’s zero-carbon targets, arguing it was time for politicians to be brutally honest with the electorate.

That was followed in short order by Home Secretary Suella Braverman making a strong pitch at the United Nation to reform the 1951 Refugee Convention in order to restrict asylum seekers.

On Friday Mr Sunak then went for councils introducing 20mph (32kmh) speed limits – something he declared “a war on British motorists” – after Wales introduced the restriction in a widely unpopular move.

Those policies may already be having some cut-through. The National’s latest poll of Britons revealed on Thursday that support for Mr Sunak’s carbon measures had increased by a few percentage points.

“There is an opportunity now, to present common sense policies on a whole raft of issues,” said Dr Mendoza. “Otherwise after 14 years of Conservative rule, people will go: ‘Well, it's really not that much different [from Labour], let's try the other option.’”

The vertiginous path to victory is not without danger. More centrist Tories warn of moving too far to the right, dismaying key voters in southern England “blue wall” marginal seats who could desert them for the Liberal Democrats or Labour.

While some want to push Mr Sunak into harder populist policies, one Tory backbencher warned of “not listening too much to the extremist views on his far right”.

“You get a lot of very green conservatives who are going to be concerned about his environmental position,” he added.

Rishi Sunak has a sense of humour and 'vitality' that needs a greater airing, a senior party official said. PIcture: No 10 Downing Street
Rishi Sunak has a sense of humour and 'vitality' that needs a greater airing, a senior party official said. PIcture: No 10 Downing Street

Less tax

Traditionally the Conservatives have been the party of tax cuts, yet taxation stands at such a high level in Britain today that even Labour, which has historically raised tariffs, said they would not increase them.

There are clearly plans in train to address this, as tax cuts remain the most direct route to retaining power. The problem is that the Treasury needs every penny to keep the government afloat, making a reduction on income tax unlikely.

But there are other means, Tory insiders suggest, of putting pounds back in people’s wallets. The thresholds for higher bands of taxation are outdated and hurting those on lower incomes following the impact of high inflation, with those earning £37,700 going immediately from the 20 per cent to 40 per cent tax banding.

“The thresholds are ridiculous with the fiscal drag that's taken lots more people into higher tax bands,” said the back bench MP. “It's a telling moment when Labour can say they're not going to raise taxes, because they're already so high in this country.”

Another suggestion is a levy on plastics, soft drinks and the much-disliked inheritance tax or “death duties”.

“A plastics tax would help with people who are worried that he's gone all climate change sceptic,” said a Conservative Party official.

Keir Starmer's Labour Party is ahead of the Conservatives, according to recent opinion polls. PA
Keir Starmer's Labour Party is ahead of the Conservatives, according to recent opinion polls. PA

Rishi’s flair

Neither leader possesses the flair or charisma of Boris Johnson, both having more of a technocratic managerial style.

While Mr Sunak has immense intellect, he also has a sense of humour and “vitality” that needs a greater airing, the senior party official said.

“Rishi needs to show a little bit of flair because he is more vibrant than people give him credit for,” the source said. “His tagline could be ‘calm and authoritative’.”

The source said this would contrast with the “dull, lawyerly” style that former barrister Mr Starmer exudes.

There is also the option to simply sit back and allow Mr Starmer to trip up over policy issues such as suggesting much closer alignment to the European Union.

“One can argue that Starmer wants to take the UK back into the EU, which means he’s making the case for Sunak,” said the Conservative official. “You almost need to let Keir Starmer mess it up himself because the more Keir Starmer says the worse it comes across. All Sunak needs to do is appear calm and authoritative.”

The Tories believe there is less enthusiam now for a Labour government than when Tony Blair was Labour leader. Bloomberg
The Tories believe there is less enthusiam now for a Labour government than when Tony Blair was Labour leader. Bloomberg

No Blair

There is also an argument, the Tories believe, that there is not the nationwide enthusiasm for a new Labour government that there was for Tony Blair in 1997. That could still allow the Conservatives “to turn it around”.

“People are still worried about Labour thinking it’s not as user-friendly as they might suggest,” the Tory source said.

Being a multimillionaire, and with his wife in the same bracket, Mr Sunak should do more to connect with “how small people feel in the face of the giant multinationals” and for the Sunaks to insulate themselves from the accusation “they are part of that class”.

Ultimately it comes down to the wedge issues, Dr Mendoza insisted. “The Conservatives have got to show the improvements, that's number one. And number two, they’ve got to create those wedge issues and recapture the common sense policies that are supported by the silent majority of people in this country. Then they might turn it around.”

The back bench MP agreed with that sentiment, adding: “He’s got to make it clear that it's all going to be OK and this captain has taken over the flight and we're going to land safely.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

BUNDESLIGA FIXTURES

Friday Hertha Berlin v Union Berlin (11.30pm)

Saturday Freiburg v Borussia Monchengladbach, Eintracht Frankfurt v Borussia Dortmund, Cologne v Wolfsburg, Arminia Bielefeld v Mainz (6.30pm) Bayern Munich v RB Leipzig (9.30pm)

Sunday Werder Bremen v Stuttgart (6.30pm), Schalke v Bayer Leverkusen (9pm)

Monday Hoffenheim v Augsburg (11.30pm)

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

Greatest Royal Rumble results

John Cena pinned Triple H in a singles match

Cedric Alexander retained the WWE Cruiserweight title against Kalisto

Matt Hardy and Bray Wyatt win the Raw Tag Team titles against Cesaro and Sheamus

Jeff Hardy retained the United States title against Jinder Mahal

Bludgeon Brothers retain the SmackDown Tag Team titles against the Usos

Seth Rollins retains the Intercontinental title against The Miz, Finn Balor and Samoa Joe

AJ Styles remains WWE World Heavyweight champion after he and Shinsuke Nakamura are both counted out

The Undertaker beats Rusev in a casket match

Brock Lesnar retains the WWE Universal title against Roman Reigns in a steel cage match

Braun Strowman won the 50-man Royal Rumble by eliminating Big Cass last

ESSENTIALS

The flights 
Fly Etihad or Emirates from the UAE to Moscow from 2,763 return per person return including taxes. 
Where to stay 
Trips on the Golden Eagle Trans-Siberian cost from US$16,995 (Dh62,414) per person, based on two sharing.

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

Draw

Quarter-finals

Real Madrid (ESP) or Manchester City (ENG) v Juventus (ITA) or Lyon (FRA)

RB Leipzig (GER) v Atletico Madrid (ESP)

Barcelona (ESP) or Napoli (ITA) v Bayern Munich (GER) or Chelsea (ENG)

Atalanta (ITA) v Paris Saint-Germain (FRA)

Ties to be played August 12-15 in Lisbon

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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.”

How to register as a donor

1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention

2) There are about 11,000 patients in the country in need of organ transplants

3) People must be over 21. Emiratis and residents can register. 

4) The campaign uses the hashtag  #donate_hope

Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

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Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Updated: September 30, 2023, 5:00 AM