There is a palpable sense of foreboding in Britain at the moment. Months of talks with the European Union on agreeing a free trade deal remain deadlocked even as the December 31 deadline fast approaches when the transition period ends and the UK finally leaves the EU. And across the country coronavirus cases are on the increase, raising the prospect of more restrictions on daily life.
But another looming threat, linked to both Brexit and Covid-19, has potentially even more long-lasting consequences for the very integrity of the UK. Popular support in Scotland to break away from the rest of the Britain has reached unprecedented levels. The latest opinion poll, released last week by market research company Savanta ComRes, shows 58 per cent of Scots now support independence, up from 44 per cent only a year ago.
This poll result was not a one-off result; support for secession in Scotland has been rising steadily. In 2014, Scots voted to reject independence in a referendum.
The Scottish National Party (SNP), which campaigns for independence and holds power in the devolved Scottish government, acknowledged that result as a once-in-a-generation vote. But only six years later, party leader Nicola Sturgeon now maintains that Scottish independence is “in clear sight”.
If, as expected, she is re-elected as Scotland’s First Minister in the election next May, she is expected to call on the UK government to allow a second referendum, confident this time of victory. Though the British government of Boris Johnson has so far ruled out allowing another referendum, many observers predict that this will be a hard position to maintain if the SNP does well in the election. The key factor in the SNP’s renewed confidence is Brexit.
The SNP leader has long argued that Britain’s decision to leave the EU in the 2016 national referendum does not apply to Scotland, since most people there voted to stay. And this argument seems to be winning over Scots. The strongest reason given in the latest opinion poll for supporting independence was a feeling that the UK parliament at Westminster did not have Scotland’s interests at heart. Support for independence is now growing among Scots who voted to leave the EU as well as “remainers”.
The SNP has been accused of using the pandemic as another weapon in its fight to persuade Scots that they would be better off outside Britain. Ms Sturgeon has worked tirelessly to portray her government as handling the pandemic more successfully than the national government in London. Coronavirus death rates are actually higher in Scotland than in England and those for vulnerable elderly people in care homes are over twice the rate south of the border. But this has not dented Ms Sturgeon’s popularity or that of her party.
One factor in her favour is the unpopularity in Scotland of the current British government, and in particular Prime Minister Johnson. Polling shows over three-quarters of Scots disapprove of Mr Johnson’s leadership, while 72 per cent think Ms Sturgeon is doing a good job as their First Minister. No surprise, then, that Ms Sturgeon is keen to demand an independence referendum sooner rather than later, knowing a change of government and prime minister in London could alter the picture.
Mr Johnson certainly did not help his standing in Scotland by declaring recently that the idea of devolving powers to a Scottish assembly 20 years ago was a “mistake” by the then Labour government of Tony Blair. While it may be true that Mr Blair’s aim of using devolution as a way to halt any move towards full independence has failed, Mr Johnson’s remarks went down badly in Scotland.
It may seem odd that Scots would want to leave the UK based on the unpopularity of one particular British government. But Ms Sturgeon and her party are past-masters at promoting and exploiting a latent culture of grievance among Scots against a more powerful England that has supposedly exploited them for centuries and continues to do so.
It is a policy that reveals an anti-English chauvinism behind the SNP’s progressive, left-wing facade and its supposedly inclusive notion of Scottish nationalism. It is also an image belied by the deep interconnectedness of England and Scotland over centuries and the leading role of Scots in all aspects of British life, including at the top levels of government.
Ms Sturgeon and the SNP may have a poor record in governing Scotland; their claims that the country would be economically better off outside the UK may be groundless. But polls show their agenda of independence for Scotland is one that is finding growing support.
With the increasing likelihood of another referendum, the latest polls show that those who seek to keep the UK together need to rethink their strategy. Arguments based on economics – that national spending per head is greater in Scotland than in England or that the British treasury is currently providing tens of billions in coronavirus support that an independent Scotland would be unable to match – are clearly not enough to win the argument.
What is clearly needed is a political campaign to underline the strength of the UK – the reality of a modern, cohesive, interdependent country where individual national traditions do not imply the need for political borders and where Scots, English, Welsh and Northern Irish have much more in common than divides them.
This should be a priority for the national government, since the end of the UK would be an unprecedented act of national self-harm that would undermine British global influence much more than Brexit, and would weaken liberal democracy in a world where authoritarian models are gaining power.
David Powell is a media analyst and former journalist with a range of pan-Arab broadcast media, including BBC Arabic
Key products and UAE prices
iPhone XS
With a 5.8-inch screen, it will be an advance version of the iPhone X. It will be dual sim and comes with better battery life, a faster processor and better camera. A new gold colour will be available.
Price: Dh4,229
iPhone XS Max
It is expected to be a grander version of the iPhone X with a 6.5-inch screen; an inch bigger than the screen of the iPhone 8 Plus.
Price: Dh4,649
iPhone XR
A low-cost version of the iPhone X with a 6.1-inch screen, it is expected to attract mass attention. According to industry experts, it is likely to have aluminium edges instead of stainless steel.
Price: Dh3,179
Apple Watch Series 4
More comprehensive health device with edge-to-edge displays that are more than 30 per cent bigger than displays on current models.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
MATCH INFO
Barcelona 4 (Suarez 27', Vidal 32', Dembele 35', Messi 78')
Sevilla 0
Red cards: Ronald Araujo, Ousmane Dembele (Barcelona)
Ammar 808:
Maghreb United
Sofyann Ben Youssef
Glitterbeat
Profile of Hala Insurance
Date Started: September 2018
Founders: Walid and Karim Dib
Based: Abu Dhabi
Employees: Nine
Amount raised: $1.2 million
Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers
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."
The five pillars of Islam
Top goalscorers in Europe
34 goals - Robert Lewandowski (68 points)
34 - Ciro Immobile (68)
31 - Cristiano Ronaldo (62)
28 - Timo Werner (56)
25 - Lionel Messi (50)
*29 - Erling Haaland (50)
23 - Romelu Lukaku (46)
23 - Jamie Vardy (46)
*NOTE: Haaland's goals for Salzburg count for 1.5 points per goal. Goals for Dortmund count for two points per goal.
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.