Signs for the 2022 Winter Olympic and Paralympic Games in Beijing, China, on December 8. Reuters
Signs for the 2022 Winter Olympic and Paralympic Games in Beijing, China, on December 8. Reuters
Signs for the 2022 Winter Olympic and Paralympic Games in Beijing, China, on December 8. Reuters
Signs for the 2022 Winter Olympic and Paralympic Games in Beijing, China, on December 8. Reuters

UK won't send ministers or officials to Winter Olympics in Beijing


Soraya Ebrahimi
  • English
  • Arabic

British Prime Minister Boris Johnson has said there will “effectively be a diplomatic boycott” of the Winter Olympics in Beijing, given that no UK ministers or officials will be attending.

Conservative former leader Sir Iain Duncan Smith urged him to ensure the UK followed the lead of the US by having a full diplomatic boycott of the Games in February.

Mr Johnson said the government had “no hesitation” in raising concerns over human rights with China.

“There will be effectively a diplomatic boycott of the Winter Olympics in Beijing," he told the House of Commons. “No ministers are expected to attend and no officials.

“What I can tell the House is I don’t think sporting boycotts are sensible and that remains the policy of the government.”

The US and Australia have announced diplomatic boycotts over Beijing’s record on human rights, particularly the treatment of the Uighur Muslim community in Xinjiang province.

Princess Anne, who is president of the British Olympic Association and a member of the International Olympic Committee, is meeting the IOC on Thursday to discuss times before the opening ceremony.

Anne will be considering the options for travelling to the IOC meetings and games, a source said.

Mr Duncan Smith welcomed the Prime Minister’s announcement and said he hoped “many other countries will follow suit”.

Australian Prime Minister Scott Morrison said he was imposing a boycott because it is “the right thing to do”.

In Australia’s case, it was also political disputes with China that sparked the move, including the Aukus pact with the UK and US for nuclear-powered submarines.

Mr Morrison said his government was happy to talk to China about their differences, “but the Chinese government has consistently not accepted those opportunities for us to meet”.

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Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

While you're here
MATCH INFO

Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')

Red card: Rodrigo Bentancur (Juventus)

Updated: December 08, 2021, 10:24 PM`