One of Liz Truss and Rishi Sunak is expected to succeed Boris Johnson as UK prime minister. Getty Images
One of Liz Truss and Rishi Sunak is expected to succeed Boris Johnson as UK prime minister. Getty Images
One of Liz Truss and Rishi Sunak is expected to succeed Boris Johnson as UK prime minister. Getty Images
One of Liz Truss and Rishi Sunak is expected to succeed Boris Johnson as UK prime minister. Getty Images


Be it Sunak or Truss, the UK is poised to move in a new direction


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July 25, 2022

Alok Sharma, the UK minister in charge of last year's Cop26 summit on climate change, was so passionate about the job that he broke down in tears when it looked like a final deal was in jeopardy.

He is still on the brief as the world prepares for the Cop27 meeting in Egypt in November. It looks like more tears could be in the offing as he has threatened to hand in his resignation if the ruling Conservative party abandons or waters down the net-zero targets that the country pledged under Prime Minister Boris Johnson.

Mr Johnson is on his way out of power and the final two candidates for the Conservative leadership, Rishi Sunak and Liz Truss, are far more ambivalent about the commitment to carbon neutrality in the face of global warming.

It is just one of a range of areas in which the UK is poised to pivot in a new direction when the new prime minister kisses hands with Queen Elizabeth in early September.

In terms of the climate, Ms Truss, the current Foreign Secretary, has both promised to keep the net-zero target of 2050 but has said that there needs to be better ways to deliver it. She has pledged to suspend green energy levies to ease current energy bills for households.

Mr Sunak, chancellor until earlier this month, has also backed the target but is talking about scrapping renewable energy expansion on the UK land mass. Instead, he wants to put more effort into offshore turbines as well as funding for insulating the country’s draughty homes.

As the campaign unfolds, expect a bidding war on tough stands on migration

The emphasis in Mr Sunak’s policies is on energy with his proposed new separate Department of Energy to work along aside a dedicated Energy Security Committee overseeing market reforms.

Meanwhile, by setting a target to make Britain energy-sufficient by 2045, Mr Sunak is signalling an increase in UK fossil fuel output. Ms Truss is also making a similar pledge with her commitment to allow UK shale gas fracking, something that governments have failed to get across the line for decades.

On Europe, both sides must perform the role of Brexit hardliner, especially after the EU’s incendiary move to sue the UK for opening the door to systemic smuggling by failing to enforce the divorce agreement.

When former US president Donald Trump told ex-prime minister Theresa May that she should have moved to sue the EU first, he may have had a point on the years of wrangling ahead.

Mr Sunak is committed to removing all EU law from the UK statute book. Ms Truss wants to overhaul the European Convention on Human Rights.

As the campaign unfolds, expect a bidding war on tough stands on migration, too, with the candidates already saying that they back Mr Johnson’s controversial policy on deporting people to Rwanda. Mr Sunak is reportedly planning to frame his migration policies with a keynote speech this week.

It is the economic future that has seen the starkest dividing line drawn. Mr Sunak has called some of what Ms Truss has to say as socialism. Mr Johnson has even intervened to indicate that Mr Sunak’s “treasury orthodoxy” frustrated his government.

While both Ms Truss and Mr Sunak appear poised to drop Mr Johnson’s levelling-up agenda, that is where the consensus ends.

Alok Sharma with Boris Johnson at a press conference in Downing Street last November. AFP
Alok Sharma with Boris Johnson at a press conference in Downing Street last November. AFP

As the architect of the current tax policy, he maintains that tax cuts must wait until public finances are stronger and income tax reductions must follow. Mr Sunak believes that a corporation tax increase should proceed in line with the trend of raising revenues from companies that is prevalent among member states of the Organisation for Economic Co-operation and Development.

Ms Truss is promising a new budget on day one to address the slowdown in the UK economy as a result of rising energy prices. Her emphasis is tax cuts and, as a supply sider, she seeks a Reagan-style boost from a lighter government role in the economy.

What Ms Truss is proposing is a shift from a central bank-directed economic strategy, based on the level of interest rates, to government resuming its dominant role. This, some of her backers say, is worthwhile even as they predict interest rate rises from the current level just over 1 per cent to 7 per cent.

In fact, the theory underpinning her policy will be that government deficits will assist the Bank of England to raise rates while avoiding recession. That would be a whole new world. The principles behind central bank independence of the past three decades would certainly no longer be sacrosanct.

It is hard to escape the conclusion that this really is a watershed choice not only for the UK but for how the western world is going to function in the uncertain period ahead.

Mr Sunak would push very familiar policy options, while Ms Truss would gamble with the untested. Both would have two years to define their agenda before the next election must be called. The backdrop is an international system seized by crisis.

One thing is for sure: electability is not name of the game in this run-off.

Company profile

Name: Thndr

Started: October 2020

Founders: Ahmad Hammouda and Seif Amr

Based: Cairo, Egypt

Sector: FinTech

Initial investment: pre-seed of $800,000

Funding stage: series A; $20 million

Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC,  Rabacap and MSA Capital

Terminator: Dark Fate

Director: Tim Miller

Starring: Arnold Schwarzenegger, Linda Hamilton, Mackenzie Davis 

Rating: 3/5

Race card

5.30pm: Maiden (TB) Dh82,500 (Turf) 1,400m

6.05pm: Handicap (TB) Dh87,500 (T) 1,400m

6.40pm: Handicap (TB) Dh105,000 (Dirt) 1,400m

7.15pm: Handicap (TB) Dh105,000 (T) 1,200m

7.50pm: Longines Stakes – Conditions (TB) Dh120,00 (D) 1,900m

8.25pm: Zabeel Trophy – Rated Conditions (TB) Dh120,000 (T) 1,600m

9pm: Handicap (TB) Dh105,000 (T) 2,410m

9.35pm: Handicap (TB) Dh92,500 (T) 2,000m

Anti-semitic attacks
The annual report by the Community Security Trust, which advises the Jewish community on security , warned on Thursday that anti-Semitic incidents in Britain had reached a record high.

It found there had been 2,255 anti-Semitic incidents reported in 2021, a rise of 34 per cent from the previous year.

The report detailed the convictions of a number of people for anti-Semitic crimes, including one man who was jailed for setting up a neo-Nazi group which had encouraged “the eradication of Jewish people” and another who had posted anti-Semitic homemade videos on social media. 

PREMIER LEAGUE TABLE

1 Man City    26   20   3   3   63   17   63 

2 Liverpool   25   17   6   2   64   20    57 

3 Chelsea      25   14   8  3   49   18    50 

4 Man Utd    26   13   7  6   44   34    46 

----------------------------------------

5 West Ham   26   12   6   8   45   34    42 

----------------------------------------

6 Arsenal      23  13   3   7   36   26   42 

7 Wolves       24  12   4   8   23   18   40 

8 Tottenham  23  12   4   8   31   31   39  

UAE currency: the story behind the money in your pockets
The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Expo details

Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia

The world fair will run for six months from October 20, 2020 to April 10, 2021.

It is expected to attract 25 million visits

Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.

More than 30,000 volunteers are required for Expo 2020

The site covers a total of 4.38 sqkm, including a 2 sqkm gated area

It is located adjacent to Al Maktoum International Airport in Dubai South

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
One-off T20 International: UAE v Australia

When: Monday, October 22, 2pm start

Where: Abu Dhabi Cricket, Oval 1

Tickets: Admission is free

Australia squad: Aaron Finch (captain), Mitch Marsh, Alex Carey, Ashton Agar, Nathan Coulter-Nile, Chris Lynn, Nathan Lyon, Glenn Maxwell, Ben McDermott, Darcy Short, Billy Stanlake, Mitchell Starc, Andrew Tye, Adam Zampa, Peter Siddle

The biog:

Languages: Arabic, Farsi, Hindi, basic Russian 

Favourite food: Pizza 

Best food on the road: rice

Favourite colour: silver 

Favourite bike: Gold Wing, Honda

Favourite biking destination: Canada 

The team

Photographer: Mateusz Stefanowski at Art Factory 
Videographer: Jear Valasquez 
Fashion director: Sarah Maisey
Make-up: Gulum Erzincan at Art Factory 
Model: Randa at Art Factory Videographer’s assistant: Zanong Magat 
Photographer’s assistant: Sophia Shlykova 
With thanks to Jubail Mangrove Park, Jubail Island, Abu Dhabi 

 
COMPANY PROFILE
Name: Mamo 

 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

 Based: Dubai, UAE

 Number of employees: 28

 Sector: Financial services

 Investment: $9.5m

 Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. 

 
UAE Falcons

Carly Lewis (captain), Emily Fensome, Kelly Loy, Isabel Affley, Jessica Cronin, Jemma Eley, Jenna Guy, Kate Lewis, Megan Polley, Charlie Preston, Becki Quigley and Sophie Siffre. Deb Jones and Lucia Sdao – coach and assistant coach.

 
WORLD'S%2010%20HIGHEST%20MOUNTAINS
%3Cp%3E1.%09Everest%0D%3Cbr%3E2.%09K2%0D%3Cbr%3E3.%09Kangchenjunga%0D%3Cbr%3E4.%09Lhotse%0D%3Cbr%3E5.%09Makalu%0D%3Cbr%3E6.%09Cho%20Oyu%0D%3Cbr%3E7.%09Dhaulagiri%0D%3Cbr%3E8.%09Manaslu%0D%3Cbr%3E9.%09Nanga%20Parbat%0D%3Cbr%3E10.%09Annapurna%0D%3C%2Fp%3E%0A

Real Madrid 1
Ronaldo (87')

Athletic Bilbao 1
Williams (14')

MATCH INFO

Qalandars 109-3 (10ovs)

Salt 30, Malan 24, Trego 23, Jayasuriya 2-14

Bangla Tigers (9.4ovs)

Fletcher 52, Rossouw 31

Bangla Tigers win by six wickets

Padmaavat

Director: Sanjay Leela Bhansali

Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh

3.5/5

WIDE%20VIEW
%3Cp%3EThe%20benefits%20of%20HoloLens%202%2C%20according%20to%20Microsoft%3A%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EManufacturing%3A%3C%2Fstrong%3E%20Reduces%20downtime%20and%20speeds%20up%20onboarding%20and%20upskilling%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEngineering%20and%20construction%3A%3C%2Fstrong%3E%20Accelerates%20the%20pace%20of%20construction%20and%20mitigates%20risks%20earlier%20in%20the%20construction%20cycle%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EHealth%20care%3A%3C%2Fstrong%3E%20Enhances%20the%20delivery%20of%20patient%20treatment%20at%20the%20point%20of%20care%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEducation%3A%3C%2Fstrong%3E%20Improves%20student%20outcomes%20and%20teaches%20from%20anywhere%20with%20experiential%20learning%3C%2Fp%3E%0A
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.

Updated: July 25, 2022, 10:06 AM`