Protesters throw a statue of slave trader Edward Colston into Bristol harbour, during a Black Lives Matter protest rally, in Bristol, England, on Sunday June 7, 2020, in response to the recent death of black man, George Floyd, in Minneapolis police custody. AP
Protesters throw a statue of slave trader Edward Colston into Bristol harbour, during a Black Lives Matter protest rally, in Bristol, England, on Sunday June 7, 2020, in response to the recent death of black man, George Floyd, in Minneapolis police custody. AP
Protesters throw a statue of slave trader Edward Colston into Bristol harbour, during a Black Lives Matter protest rally, in Bristol, England, on Sunday June 7, 2020, in response to the recent death of black man, George Floyd, in Minneapolis police custody. AP
Protesters throw a statue of slave trader Edward Colston into Bristol harbour, during a Black Lives Matter protest rally, in Bristol, England, on Sunday June 7, 2020, in response to the recent death o

Bristol statue provides UK with a 'Saddam Hussein moment' in Black Lives Matter protests


  • English
  • Arabic

For more than 100 years the statue of 17th century slave trader Edward Colston looked out over Bristol city centre.

Now his Victorian memorial lies at the bottom of the city’s harbour, torn down in anti-racism protests that have swept across the Atlantic from the US.

The poignancy of Sunday’s destruction in Bristol was not lost on the demonstrators who broke UK coronavirus lockdown rules to show support for protesters in America appalled by the death of African-American George Floyd, 46.

The relations between the past and the present in the city, where Colston grew rich through transatlantic slave trade, has sparked debate in the UK over structural racism closer to home.

Nowhere has the debate been fiercer than in Bristol, where the statue was the subject of heated disagreement for decades before the death of Floyd in police custody in Minneapolis, Minnesota.

After the protests, Bristol Mayor Marvin Rees said he knew the removal of the statue would be divisive but he backed the demonstrators.

Some of the protesters said it was a Saddam Hussein moment, echoing the ecstasy that drove a Baghdad crowd to pull down the dictator's statue in 2003 after US-led troops seized the city.

"I know the removal of the Colston statue will divide opinion, as the statue itself has done for many years," Mr Rees said.

"However, it’s important to listen to those who found the statue to represent an affront to humanity.

"Let's make the legacy of today about the future of our city, tackling racism and inequality.

"I call on everyone to challenge racism and inequality in every corner of our city and wherever we see it."

Despite agreement in the current climate that the statue should have been taken down years ago, senior British politicians said the statue’s removal should have been through normal, democratic means.

“I grew up in Bristol. I detest how Edward Colston profited from the slave trade. But this is not OK,” former chancellor Sajid Javid wrote on Twitter during the protests.

“If Bristolians want to remove a monument it should be done democratically, not by criminal damage."

But many, including former Bristol mayor George Ferguson, have said democracy had not worked in taking down the statue.

Mr Ferguson said he regretted not removing the memorial even though it would have been “flying in the face of majority Bristol opinion”.

A worker cleans the Churchill statue in Parliament Square that had been spray painted with the words 'was a racist' Getty
A worker cleans the Churchill statue in Parliament Square that had been spray painted with the words 'was a racist' Getty

Mr Rees has tried to build momentum from the destruction of the Colston statue.

The slave trader's presence remains spread about the city in the names of buildings, schools and even in a stained-glass window in Bristol’s cathedral.

As the Black Lives Matter movement gives new urgency to discussions about historical monuments in Europe, Colston’s legacy may be the thin end of the wedge.

On Monday renewed calls were made for the removal of a statue of British colonialist Cecil Rhodes from Oriel College, Oxford.

The Rhodes Must Fall movement was established in 2015 at Cape Town University, and later spread to Oxford, where students demanded that the statue be removed.

In 2016 Oriel College decided to keep the statue despite widespread student demands to remove it.

Campaigners from the Rhodes Must Fall group said that the row illustrated Britain's "imperial blind spot".

The Colston statue was not the only monument attacked during Sunday’s protests.

A statue of former British prime minister Robert Peel, the Conservative politician described as the founder of modern policing, was vandalised in Glasgow.

But it was graffiti on a statue in Whitehall in London that called wartime prime minister Winston Churchill a racist, which provoked the greatest backlash.

Protesters also climbed on the cenotaph, the national memorial to Britain’s war dead, and appeared to try to set fire to its flags.

Nigel Farage, one of the principal architects of Britain’s exit from the EU, has warned that violence could follow if monuments were not properly protected.

“If Boris Johnson won't lead and stand up for the country, as its symbols are trashed, then people will start taking it into their own hands," Mr Farage told LBC radio.

"Full-on race riots are now possible. Show leadership and fast."

ELIO

Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett

Directors: Madeline Sharafian, Domee Shi, Adrian Molina

Rating: 4/5

Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

The Details

Article 15
Produced by: Carnival Cinemas, Zee Studios
Directed by: Anubhav Sinha
Starring: Ayushmann Khurrana, Kumud Mishra, Manoj Pahwa, Sayani Gupta, Zeeshan Ayyub
Our rating: 4/5 

UAE currency: the story behind the money in your pockets
Dubai World Cup Carnival card:

6.30pm: Handicap (Turf) | US$175,000 2,410 metres

7.05pm: UAE 1000 Guineas Trial Conditions (Dirt) $100,000 1,400m

7.40pm: Handicap (T) $145,000 1,000m

8.15pm: Dubawi Stakes Group 3 (D) $200,000 1,200m

8.50pm: Singspiel Stakes Group 3 (T) $200,000 1,800m

9.25pm: Handicap (T) | $175,000 1,400m

The biog

From: Upper Egypt

Age: 78

Family: a daughter in Egypt; a son in Dubai and his wife, Nabila

Favourite Abu Dhabi activity: walking near to Emirates Palace

Favourite building in Abu Dhabi: Emirates Palace

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
While you're here