Prime Minister Boris Johnson says British voters are tired of hearing about what he is "alleged to have done wrong". Getty
Prime Minister Boris Johnson says British voters are tired of hearing about what he is "alleged to have done wrong". Getty
Prime Minister Boris Johnson says British voters are tired of hearing about what he is "alleged to have done wrong". Getty
Prime Minister Boris Johnson says British voters are tired of hearing about what he is "alleged to have done wrong". Getty

Britain's Boris Johnson defiant on eve of G7 summit despite domestic turmoil


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Britain's Prime Minister Boris Johnson has insisted he will not undergo a "psychological transformation" as pressure piles on his leadership after the Tories' double by-election defeat.

However, the under-fire leader will seek to block out the ominous sounds of domestic discontent and sharpening backbench knives when he flies in from a Commonwealth meeting in Rwanda for the first day of the G7 summit in Germany on Sunday.

Leaders of the seven largest "advanced" economies are convening to discuss their response to the crisis in Ukraine and other pressing world issues.

Mr Johnson isn't completely impervious to the farrago surrounding his leadership, and told the BBC in an interview on Saturday that he "humbly and sincerely" accepts any criticism he receives in his job.

Yet this mea culpa had a caveat as he argued every government gets "buffeted" by bad by-election results midterm.

He claimed British voters are tired of hearing about what he is "alleged to have done wrong", and called instead for a focus on "what we're doing for them".

His comments come after the loss of two crunch by-elections in Yorkshire and Devon, and Oliver Dowden's sudden resignation as Conservative Party chairman.

Mr Johnson said his role is to look at exactly what happened and "think which criticisms really matter".

When it was put to him that Mr Dowden had given a warning, as he resigned, that business could not continue as usual, Mr Johnson said: "If you're saying you want me to undergo some sort of psychological transformation, I think that our listeners would know that is not going to happen.

"What you can do, and what the government should do, and what I want to do, is to get on with changing and reforming and improving our systems and our economy."

Despite some early speculation after the by-election results, Mr Dowden was the sole Cabinet minister to tender his resignation.

That has not stopped Tory rebels reportedly using the by-election defeats as the springboard for the latest attempted putsch against the prime minister, with The Times newspaper suggesting opponents of Mr Johnson are planning a takeover of the 1922 Committee of Conservative backbenchers in a bid to change the rules to allow another confidence vote on his leadership.

Mr Johnson said the only argument of "substance" for a change of direction he has heard from his critics is for the UK to return to the EU single market.

"I would say to them, you know, with great respect — and I love all these people — but don't forget that the only actual argument that I've heard some of my critics make of substance about the change of direction they'd like to see is for us to go back into the EU single market," he said.

"That's literally the only manifesto point that I've seen."

Mr Johnson suggested he would stand down as prime minister if he was asked to "abandon the Ukrainian cause". But he later denied saying this was the only principle that would trigger his resignation.

"I didn't say that — you asked me for an example of a matter of principle, I came up with one," he said.

The departure of Mr Dowden may also prompt a reshuffle in the prime minister's top team, with reports that Priti Patel could be asked to leave her Home Secretary role to become party chairwoman.

UK seeks Ukraine commitment from G7

Mr Johnson is undoubtedly more comfortable on the international stage at present, and his trip to Germany from Sunday and the Nato meeting in Madrid from Tuesday will keep him out of the country at a time of friction. But he will hope playing global statesman, focusing on the biggest war in Europe since the defeat of the Nazis, will persuade doubters that it is not the time to consider a change in leadership.

At the G7 summit he will promise further financial support for Ukraine in the form of £429 million ($526 million) in guarantees for World Bank lending and urge allies to commit to supporting Volodymyr Zelenskyy as the war against Russia drags on.

Before the G7 summit at the luxury spa retreat Schloss Elmau in the Bavarian Alps, Mr Johnson said: "Future generations will be awed and inspired by the truly heroic Ukrainian resistance in the face of Mr Putin's barbarism."

"Ukraine can win and it will win. But they need our backing to do so. Now is not the time to give up on Ukraine.

"The UK will continue to back Ukraine every step of the way, because we know that their security is our security, and their freedom is our freedom."

The prime minister is wary that support for Ukraine among European allies may be wavering as the conflict drags on, meaning Mr Zelenskyy could be pressured into accepting peace terms that cede large tracts of territory to President Vladimir Putin's Russia.

He would not single out individual nations but said there was a "general sentiment" among some of his fellow leaders.

"If Mr Putin gets away with aggression in Ukraine, if he gets away with the naked conquest of other people's territory, then the read across for every single country here is absolutely dramatic," Mr Johnson warned.

Mr Zelenskyy is expected to address the G7 countries — the UK, US, Canada, Japan, France, Germany, Italy — remotely on Sunday.

The Ukrainian government fears it could run out of funding by the autumn unless it is given urgent financial help and Mr Johnson will lobby counterparts to do more, following the example set by the UK.

The loan guarantees provided by the UK will take economic and humanitarian support offered by the government to £1.5 billion and are expected to cover costs such as public sector wages, and the running of schools and hospitals.

The G7 leaders will meet at Germany's Schloss Elmau castle to discuss issues affecting the world. Reuters
The G7 leaders will meet at Germany's Schloss Elmau castle to discuss issues affecting the world. Reuters

The prime minister's Downing Street office said the UK would support Ukraine's goals of ending the war with a deal under which Russia's troops pull out of any territory occupied since the invasion in February.

The prime minister's official spokesman said the two summits "will be the most crucial gathering of world leaders since Putin's full-scale invasion of Ukraine".

"The West has come together in recent months to provide the military, financial and political support to Ukraine," he said.

"But as it becomes clear this war will not be won overnight by Mr Putin, as he had hoped, but ultimately by Ukraine thanks to their long and continuing resolve — our support needs to enter a new phase."

The prime minister will urge western allies to increase sanctions against Mr Putin "and his cronies, ensuring they feel the cost of their barbarism", the spokesman said.

Mr Johnson's aims also include finding ways to allow Ukrainian grain exports to resume, to alleviate global food shortages, although he said there is little hope of sending the Royal Navy to rescue grain from the Russian president's blockade of Ukraine's Black Sea ports as he set sights on talks with Turkey to prevent famine being a consequence of the invasion.

UK cost of living crisis escalates

His willingness to lavish the public purse on Ukraine will raise eyebrows among many UK voters, currently struggling with a debilitating cost of living crisis.

The Conservatives are facing accusations of not doing enough to help mitigate rising energy costs while also being embroiled in a fearsome dispute with Britain's rail workers, who are demanding a pay rise in line with inflation.

Asked why he had not yet cut VAT on energy bills, Mr Johnson said: "I don't rule out that we will do it."

He said the government had "already cut fuel duty by record amounts", but acknowledged this would be "swallowed up" and said more may be needed.

Pressed on whether the tax will be slashed further he said officials wanted to make sure those cuts are properly passed on to the consumer.

"I'm very happy to have an argument about tax and I'm saying some of the things that we're already doing," Mr Johnson said.

"But when it comes to energy, and the cost of people's energy bills, tax is not enough.

"You've got to look at the way the whole thing works."

One of the problems is that people are being charged for electricity on the basis of the top marginal gas price, the prime minister said.

"We need to get rid of that system," he said.

"We need to reform our energy markets, as they have done in other European countries.

"So that is one of the ways by reforming the market, by changing the way things work, that you can get prices down, you can bear down on costs for people."

Many national grids across Europe have been restored to public ownership and have coped far better with the energy crisis than the UK. Yet it is unlikely the constitutionally pro-market Tory party would consider such a move — and Mr Johnson was more likely alluding to the opening up of the national grid to private companies, as called for by Octopus Energy chief Greg Jackson at London Tech Week earlier this month.

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Ballon d’Or shortlists

Men

Sadio Mane (Senegal/Liverpool), Sergio Aguero (Aregentina/Manchester City), Frenkie de Jong (Netherlans/Barcelona), Hugo Lloris (France/Tottenham), Dusan Tadic (Serbia/Ajax), Kylian Mbappe (France/PSG), Trent Alexander-Arnold (England/Liverpool), Donny van de Beek (Netherlands/Ajax), Pierre-Emerick Aubameyang (Gabon/Arsenal), Marc-Andre ter Stegen (Germany/Barcelona), Cristiano Ronaldo (Portugal/Juventus), Alisson (Brazil/Liverpool), Matthijs de Ligt (Netherlands/Juventus), Karim Benzema (France/Real Madrid), Georginio Wijnaldum (Netherlands/Liverpool), Virgil van Dijk (Netherlands/Liverpool), Bernardo Silva (Portugal/Manchester City), Son Heung-min (South Korea/Tottenham), Robert Lewandowski (Poland/Bayern Munich), Roberto Firmino (Brazil/Liverpool), Lionel Messi (Argentina/Barcelona), Riyad Mahrez (Algeria/Manchester City), Kevin De Bruyne (Belgium/Manchester City), Kalidou Koulibaly (Senegal/Napoli), Antoine Griezmann (France/Barcelona), Mohamed Salah (Egypt/Liverpool), Eden Hazard (BEL/Real Madrid), Marquinhos (Brazil/Paris-SG), Raheem Sterling (Eengland/Manchester City), Joao Félix(Portugal/Atletico Madrid)

Women

Sam Kerr (Austria/Chelsea), Ellen White (England/Manchester City), Nilla Fischer (Sweden/Linkopings), Amandine Henry (France/Lyon), Lucy Bronze(England/Lyon), Alex Morgan (USA/Orlando Pride), Vivianne Miedema (Netherlands/Arsenal), Dzsenifer Marozsan (Germany/Lyon), Pernille Harder (Denmark/Wolfsburg), Sarah Bouhaddi (France/Lyon), Megan Rapinoe (USA/Reign FC), Lieke Martens (Netherlands/Barcelona), Sari van Veenendal (Netherlands/Atletico Madrid), Wendie Renard (France/Lyon), Rose Lavelle(USA/Washington Spirit), Marta (Brazil/Orlando Pride), Ada Hegerberg (Norway/Lyon), Kosovare Asllani (Sweden/CD Tacon), Sofia Jakobsson (Sweden/CD Tacon), Tobin Heath (USA/Portland Thorns)

 

 

Warlight,
Michael Ondaatje, Knopf 

Water waste

In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.

Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.

A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.

The Emirates is the world’s third largest per capita water consumer after the US and Canada.

The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.

What is dialysis?

Dialysis is a way of cleaning your blood when your kidneys fail and can no longer do the job.

It gets rid of your body's wastes, extra salt and water, and helps to control your blood pressure. The main cause of kidney failure is diabetes and hypertension.

There are two kinds of dialysis — haemodialysis and peritoneal.

In haemodialysis, blood is pumped out of your body to an artificial kidney machine that filter your blood and returns it to your body by tubes.

In peritoneal dialysis, the inside lining of your own belly acts as a natural filter. Wastes are taken out by means of a cleansing fluid which is washed in and out of your belly in cycles.

It isn’t an option for everyone but if eligible, can be done at home by the patient or caregiver. This, as opposed to home haemodialysis, is covered by insurance in the UAE.

SERIE A FIXTURES

Saturday (UAE kick-off times)

Atalanta v Juventus (6pm)

AC Milan v Napoli (9pm)

Torino v Inter Milan (11.45pm)

Sunday

Bologna v Parma (3.30pm)

Sassuolo v Lazio (6pm)

Roma v Brescia (6pm)

Verona v Fiorentina (6pm)

Sampdoria v Udinese (9pm)

Lecce v Cagliari (11.45pm)

Monday

SPAL v Genoa (11.45pm)

MATCH INFO

Day 1 at Mount Maunganui

England 241-4

Denly 74, Stokes 67 not out, De Grandhomme 2-28

New Zealand 

Yet to bat

Saturday's results

West Ham 2-3 Tottenham
Arsenal 2-2 Southampton
Bournemouth 1-2 Wolves
Brighton 0-2 Leicester City
Crystal Palace 1-2 Liverpool
Everton 0-2 Norwich City
Watford 0-3 Burnley

Manchester City v Chelsea, 9.30pm 

The Bloomberg Billionaire Index in full

1 Jeff Bezos $140 billion
2 Bill Gates $98.3 billion
3 Bernard Arnault $83.1 billion
4 Warren Buffett $83 billion
5 Amancio Ortega $67.9 billion
6 Mark Zuckerberg $67.3 billion
7 Larry Page $56.8 billion
8 Larry Ellison $56.1 billion
9 Sergey Brin $55.2 billion
10 Carlos Slim $55.2 billion

Meydan racecard:

6.30pm: Al Maktoum Challenge Round 2 (PA) Group 1 | US$75,000 (Dirt) | 2,200 metres

7.05pm: UAE 1000 Guineas (TB) Listed | $250,000 (D) 1,600m

7.40pm: Meydan Classic Trial (TB) Conditions $100,000 (Turf) 1,400m

8.15pm: Al Shindagha Sprint (TB) Group 3 $200,000 (D) 1,200m

8.50pm: Handicap (TB) $175,000 (D) 1,600m

9.25pm: Handicap (TB) $175,000 (T) | 2,000m

10pm: Handicap (TB) $135,000 (T) 1,600m

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
LILO & STITCH

Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders

Director: Dean Fleischer Camp

Rating: 4.5/5

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.”

The biog

Hometown: Cairo

Age: 37

Favourite TV series: The Handmaid’s Tale, Black Mirror

Favourite anime series: Death Note, One Piece and Hellsing

Favourite book: Designing Brand Identity, Fifth Edition

The biog

Name: Greg Heinricks

From: Alberta, western Canada

Record fish: 56kg sailfish

Member of: International Game Fish Association

Company: Arabian Divers and Sportfishing Charters

TO ALL THE BOYS: ALWAYS AND FOREVER

Directed by: Michael Fimognari

Starring: Lana Condor and Noah Centineo

Two stars

MATCH INFO

Euro 2020 qualifier

Ukraine 2 (Yaremchuk 06', Yarmolenko 27')

Portugal 1 (Ronaldo 72' pen)

Russia's Muslim Heartlands

Dominic Rubin, Oxford

The most expensive investment mistake you will ever make

When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.

“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.

This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).

Age

$250 a month

$500 a month

$1,000 a month

25

$640,829

$1,281,657

$2,563,315

35

$303,219

$606,439

$1,212,877

45

$131,596

$263,191

$526,382

55

$44,351

$88,702

$177,403

 

THE DETAILS

Deadpool 2

Dir: David Leitch

Starring: Ryan Reynolds, Josh Brolin, Justin Dennison, Zazie Beetz

Four stars

Meydan race card

6pm Dubai Trophy – Conditions(TB) $100,000 (Turf) 1,200m 

6.35Dubai Trophy – Conditions(TB) $100,000 (Turf) 1,200m
1,800m 

7.10pm Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m ,400m 

7.45pm Al Rashidiya – Group 2 (TB)  $180,000  (T) 1,800m 

8.20pm Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m 

8.55pm Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m 

9.30pm Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m  

Nick's journey in numbers

Countries so far: 85

Flights: 149

Steps: 3.78 million

Calories: 220,000

Floors climbed: 2,000

Donations: GPB37,300

Prostate checks: 5

Blisters: 15

Bumps on the head: 2

Dog bites: 1

It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

WORLD CUP SEMI-FINALS

England v New Zealand

(Saturday, 12pm UAE)

Wales v South Africa

(Sunday, 12pm, UAE)

 

Bharatanatyam

A ancient classical dance from the southern Indian state of Tamil Nadu. Intricate footwork and expressions are used to denote spiritual stories and ideas.

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Top tips

Create and maintain a strong bond between yourself and your child, through sensitivity, responsiveness, touch, talk and play. “The bond you have with your kids is the blueprint for the relationships they will have later on in life,” says Dr Sarah Rasmi, a psychologist.
Set a good example. Practise what you preach, so if you want to raise kind children, they need to see you being kind and hear you explaining to them what kindness is. So, “narrate your behaviour”.
Praise the positive rather than focusing on the negative. Catch them when they’re being good and acknowledge it.
Show empathy towards your child’s needs as well as your own. Take care of yourself so that you can be calm, loving and respectful, rather than angry and frustrated.
Be open to communication, goal-setting and problem-solving, says Dr Thoraiya Kanafani. “It is important to recognise that there is a fine line between positive parenting and becoming parents who overanalyse their children and provide more emotional context than what is in the child’s emotional development to understand.”
 

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Updated: June 27, 2022, 11:19 AM