Rishi Sunak set out five key pledges for his premiership in a speech last year, promising to halve inflation, grow the economy, reduce debt, cut National Health Service waiting times and stop small boat crossings in the Channel.
With his party flagging in the opinion polls, pressure is growing on the Prime Minister to deliver substantial results ahead of a potential general election.
As Mr Sunak clocks up a year as Prime Minister, The National takes a look at how he has done on delivering on his promises.
Halve inflation
The Prime Minister is probably on course to meet his pledge to halve inflation this year, which currently stands at 6.7 per cent
Figures published in November are expected to show a significant fall, thanks to a reduction in the energy price cap.
Bank of England Governor Andrew Bailey said the current figure was “not far off what we were expecting” and pointed to the small decline in core inflation as “encouraging”.
Mr Sunak needs inflation to fall to 5.3 per cent to meet his target, and while this is not guaranteed, it appears well within reach in the remaining months of the year.
“Tackling inflation remains my number one priority as Prime Minister,” Mr Sunak wrote on social media earlier this month.
“We’ve made great progress, but I know there is still a way to go”.
Grow the economy
Mr Sunak also appears on course to meet this pledge, although growth has been weak.
According to the Office for National Statistics’ latest figures, gross domestic product has grown by about 0.5 per cent over the past year, and most forecasts indicate growth for the whole of 2023 to be around that figure.
The Prime Minister is therefore technically likely to be able to claim success on this pledge, even if growth remains slow compared with many other G7 nations.
“People doubted the strength of the UK economy – today’s data proves them wrong,” he wrote on X, formerly Twitter, last month in response to ONS figures showing that the economy had grown 0.2 per cent in April to June.
Reduce debt
Provisional figures for August, the latest available, suggest the total national debt stands at 97.8 per cent, higher than it was in both September 2022 and March 2023.
But the figure is still lower than it was at the end of 2022, when total net debt was 99.5 per cent of GDP.
However, there is a further complication in that the UK government usually uses a different figure – public sector net debt excluding the Bank of England.
Once this figure is used, total debt is higher than it was at the end of 2022, rising slightly from 88 per cent of GDP to 89.3 per cent.
Mr Sunak therefore seems unlikely to be able to claim a straightforward victory on this target, although some measures may allow him to do so.
Earlier this month, Chancellor of the Exchequer Jeremy Hunt said that the UK had spent twice as much on interest this year compared with last year, which he said was “unsustainable”.
Cut NHS waiting times
On current measures, it appears as if the Prime Minister will fail to meet this target.
The total number of people waiting for NHS treatment reached 7.75 million in August, a record figure and about 10 per cent higher than a year ago.
But Mr Sunak may still be able to claim some success as the number of people waiting for very long periods has declined over the past year.
The number waiting more than two years for treatment has fallen by 90 per cent since August 2022, while waiting lists of more than 18 months and 15 months have reduced over the same period.
During his Tory Party conference speech, Mr Sunak said that his government had made “reasonable” pay offers to NHS staff and urged doctors and nurses to return to work to reduce waiting times.
Rishi Sunak's first year as Prime Minister – in pictures
Stop the boats
Channel crossings have declined since the introduction of the Illegal Migration Act in July.
So far, about 26,000 people have been detected crossing the Channel in small boats this year, compared to 37,000 in the same period last year.
There is some debate over to whether this is down to new legislation, better enforcement or simply worse weather, but whatever the cause, there is still a long way to go before Mr Sunak can claim victory.
“Small boat crossings are for the first time since the phenomenon began down 20 per cent this year,” the Prime Minister told the Tory Party conference.
“We are by no means where we want to be but don’t let anyone tell you we aren’t making progress – we are and we will get there.”
The specs
Engine: 3.0-litre six-cylinder MHEV
Power: 360bhp
Torque: 500Nm
Transmission: eight-speed automatic
Price: from Dh282,870
On sale: now
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Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
'Downton Abbey: A New Era'
Director: Simon Curtis
Cast: Hugh Bonneville, Elizabeth McGovern, Maggie Smith, Michelle Dockery, Laura Carmichael, Jim Carter and Phyllis Logan
Rating: 4/5
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The biog
Fast facts on Neil Armstrong’s personal life:
- Armstrong was born on August 5, 1930, in Wapakoneta, Ohio
- He earned his private pilot’s license when he was 16 – he could fly before he could drive
- There was tragedy in his married life: Neil and Janet Armstrong’s daughter Karen died at the age of two in 1962 after suffering a brain tumour. She was the couple’s only daughter. Their two sons, Rick and Mark, consulted on the film
- After Armstrong departed Nasa, he bought a farm in the town of Lebanon, Ohio, in 1971 – its airstrip allowed him to tap back into his love of flying
- In 1994, Janet divorced Neil after 38 years of marriage. Two years earlier, Neil met Carol Knight, who became his second wife in 1994
The 12 breakaway clubs
England
Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur
Italy
AC Milan, Inter Milan, Juventus
Spain
Atletico Madrid, Barcelona, Real Madrid
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
ENGLAND SQUAD
Eoin Morgan (captain), Moeen Ali, Jonny Bairstow, Sam Billings, Jos Buttler, Tom Curran, Alex Hales, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, David Willey, Chris Woakes, Mark Wood
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
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Friday’s fixture
6.15pm: Al Wahda v Hatta
6.15pm: Al Dhafra v Ajman
9pm: Al Wasl v Baniyas
9pm: Fujairah v Sharjah
.
Ms Yang's top tips for parents new to the UAE
- Join parent networks
- Look beyond school fees
- Keep an open mind
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Manchester United v Club America
When: Thursday, 9pm Arizona time (Friday UAE, 8am)
UAE SQUAD
Khalid Essa (Al Ain), Ali Khaseif (Al Jazira), Adel Al Hosani (Sharjah), Mahmoud Khamis (Al Nasr), Yousef Jaber (Shabab Al Ahli Dubai), Khalifa Al Hammadi (Jazira), Salem Rashid (Jazira), Shaheen Abdelrahman (Sharjah), Faris Juma (Al Wahda), Mohammed Shaker (Al Ain), Mohammed Barghash (Wahda), Abdulaziz Haikal (Shabab Al Ahli), Ahmed Barman (Al Ain), Khamis Esmail (Wahda), Khaled Bawazir (Sharjah), Majed Surour (Sharjah), Abdullah Ramadan (Jazira), Mohammed Al Attas (Jazira), Fabio De Lima (Al Wasl), Bandar Al Ahbabi (Al Ain), Khalfan Mubarak (Jazira), Habib Fardan (Nasr), Khalil Ibrahim (Wahda), Ali Mabkhout (Jazira), Ali Saleh (Wasl), Caio (Al Ain), Sebastian Tagliabue (Nasr).
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