The British government's ambition to expand its post-Brexit free trade portfolio is now crystal clear. The UK would, Queen Elizabeth's speech on Tuesday made clear, rapidly "deepen trade ties" with the Gulf and much of the globe.
The explicit mention of the Middle East and other regions plays into the government plans to make Britain a free-trading power ready to strike deals across the globe.
This is not driven only by aspirations of Global Britain but by the necessity to find markets for goods to replace the EU as the major trading partner that accounted for 43 per cent of UK exports.
Under Britain’s burgeoning mercantile approach, it has already signed 67 trade deals and launched negotiations for many others, including in the Gulf.
The prospects of a deal are high, with Downing Street briefing journalists that it would “foster thriving relationships in the Middle East” based on trade, green innovation, science and trade.
The government said “Global Britain is a fierce champion of free and fair trade” that would “forge closer links with fast-growing and like-minded nations”.
Global trade is another necessity – Britain needs the money. The government's major departure from traditional Conservative orthodoxy is underlined by its borrowing and spending on a scale not seen since the Second World War. This was driven by the pandemic but at some point Britain will need to recoup the £300 billion ($424.74bn) it borrowed to get through the past year.
Now freed from EU regulations and imbued with growing confidence, Prime Minister Boris Johnson aims to move fast in striking agreements that are mutually beneficial for Britain and its new trading partners.
Free trade agreements, it is hoped, will account for 80 per cent of total UK commerce within three years.
Much of that commercial drive will come through the eight new freeports announced by the queen, designed to drive exports and create jobs. Goods arriving at the freeports, strategically placed around the country – and including an airport in the East Midlands – are not subject to tariffs. This works well for exports as taxes are only paid if the goods are moved within the UK, otherwise they are sent overseas untaxed.
This new-found nimbleness has been helped along by the successful vaccination programme, that not only instilled Britain with belief but perhaps demonstrated that the EU’s approach was too lumbering for the island nation.
The prospect of a trade deal with the UAE was looked on favourably by the Emirates' ambassador in London.
"Following the queen's speech, the UAE welcomes the UK's commitment to deepen trade ties with the Gulf region," His Excellency Mansoor Abulhoul said. "Our countries already have strong business connections, with the UAE continuing to be the UK's top Arab trading partner and more than 5,000 British businesses operating in the Emirates. We are proud that so many Britons already choose to export to the UAE and have a presence in the Emirates as a gateway to the wider Gulf region."
He said the countries already collaborated across several sectors from energy to financial services, highlighted by an £800 million investment from the UAE into UK life sciences. "We hope to build on this foundation to the benefit of both countries as we all look to deliver economic prosperity in the aftermath of the Covid-19 pandemic," the ambassador said.
Tuesday also proved that for the first time in 40 years the British Parliament could make legislation without looking over its shoulder at EU regulations. It is unclear whether this proves positive or negative, but the government is proposing a long list of legislation.
For the last decade, the Conservative-led government has pushed the green agenda with ambitious but achievable targets of reducing carbon emissions. With the arguments that this would be detrimental to growth proven wrong, Mr Johnson hopes to generate 250,000 jobs with his Ten Point Plan for a green industrial revolution.
Prioritising climate change is not only necessary, but also brings political benefits. Mr Johnson’s previously tepid relationship with US President Joe Biden is warming over climate change, with the American leader a major environmental enthusiast. The relationship will likely be further enhanced when Britain hosts the Cop26 climate summit in November.
As someone who came close to death during the pandemic, Mr Johnson knows better than most the importance of the National Health Service. He understands, too, that the NHS and its workforce are held dear by the British public. But the system is in need of reform and is inferior to major European nations in terms of capability and capacity.
In the immediate term, the government needs to address the significant backlog of cancer patients, perhaps as many as one million as reported by The National on Monday, that have built up during the Covid crisis.
“We must also account for the returning demand of those people who have not come forward for care during the pandemic,” Downing Street said as part of its NHS Catch-up and Recovery Plan.
Alongside trade, environment and health bills, the queen announced a raft of legislation from policing to immigration and electoral reform. With an 80-plus majority of MPs, much of the government agenda will sail through Parliament.
Newly confident from deal-making and having stolen a march on the coronavirus, it appears the country is potentially emerging from a half-decade of torpor into the “sunlit uplands” that many had only thought of as one of Mr Johnson's elegiac ramblings.
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
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COMPANY%20PROFILE
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U19 World Cup in South Africa
Group A: India, Japan, New Zealand, Sri Lanka
Group B: Australia, England, Nigeria, West Indies
Group C: Bangladesh, Pakistan, Scotland, Zimbabwe
Group D: Afghanistan, Canada, South Africa, UAE
UAE fixtures
Saturday, January 18, v Canada
Wednesday, January 22, v Afghanistan
Saturday, January 25, v South Africa
UAE squad
Aryan Lakra (captain), Vriitya Aravind, Deshan Chethyia, Mohammed Farazuddin, Jonathan Figy, Osama Hassan, Karthik Meiyappan, Rishabh Mukherjee, Ali Naseer, Wasi Shah, Alishan Sharafu, Sanchit Sharma, Kai Smith, Akasha Tahir, Ansh Tandon
At a glance
Fixtures All matches start at 9.30am, at ICC Academy, Dubai. Admission is free
Thursday UAE v Ireland; Saturday UAE v Ireland; Jan 21 UAE v Scotland; Jan 23 UAE v Scotland
UAE squad Rohan Mustafa (c), Ashfaq Ahmed, Ghulam Shabber, Rameez Shahzad, Mohammed Boota, Mohammed Usman, Adnan Mufti, Shaiman Anwar, Ahmed Raza, Imran Haider, Qadeer Ahmed, Mohammed Naveed, Amir Hayat, Zahoor Khan
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
FIGHT CARD
Sara El Bakkali v Anisha Kadka (Lightweight, female)
Mohammed Adil Al Debi v Moaz Abdelgawad (Bantamweight)
Amir Boureslan v Mahmoud Zanouny (Welterweight)
Abrorbek Madaminbekov v Mohammed Al Katheeri (Featherweight)
Ibrahem Bilal v Emad Arafa (Super featherweight)
Ahmed Abdolaziz v Imad Essassi (Middleweight)
Milena Martinou v Ilham Bourakkadi (Bantamweight, female)
Noureddine El Agouti v Mohamed Mardi (Welterweight)
Nabil Ouach v Ymad Atrous (Middleweight)
Nouredin Samir v Zainalabid Dadachev (Lightweight)
Marlon Ribeiro v Mehdi Oubahammou (Welterweight)
Brad Stanton v Mohamed El Boukhari (Super welterweight
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
Getting there
The flights
Emirates and Etihad fly to Johannesburg or Cape Town daily. Flights cost from about Dh3,325, with a flying time of 8hours and 15 minutes. From there, fly South African Airlines or Air Namibia to Namibia’s Windhoek Hosea Kutako International Airport, for about Dh850. Flying time is 2 hours.
The stay
Wilderness Little Kulala offers stays from £460 (Dh2,135) per person, per night. It is one of seven Wilderness Safari lodges in Namibia; www.wilderness-safaris.com.
Skeleton Coast Safaris’ four-day adventure involves joining a very small group in a private plane, flying to some of the remotest areas in the world, with each night spent at a different camp. It costs from US$8,335.30 (Dh30,611); www.skeletoncoastsafaris.com
Three ways to boost your credit score
Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:
1. Make sure you make your payments on time;
2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;
3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
City's slump
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D - C Palace, 2-2
W - N Forest, 3-0
L - Liverpool, 2-0
D - Feyenoord, 3-3
L - Tottenham, 4-0
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WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
UAE currency: the story behind the money in your pockets