People enjoy a lunchtime drink in the sunshine outside the Anglesea Arms, which is acting as a polling station in the Borough of Kensington and Chelsea in London on May 3, 2018, as local council elections take place across the capital. 
People enjoy a lunchtime drink in the sunshine outside the Anglesea Arms, which is acting as a polling station in the Borough of Kensington and Chelsea in London on May 3, 2018, as local council electShow more

The Socialist Republic of Kensington?



As a bird chirruped for spring outside a handsome redbrick parade near London’s Sloane Square, one left-wing activist was awed by her surroundings.

“I can’t believe we are canvassing somewhere called Carlisle Mansions,” quips Anastasia Palikeras. Until last June, the 22-year old had never knocked on a door, less than a year later she is helping to organise a swathe of ‘Unseat’ events. Hers is the platform that Momentum, a faction fiercely loyal to Labour leader Jeremy Corbyn, is using to storm areas that have for decades staunchly supported the Conservative party.

While the borough of Kensington and Chelsea is the wealthiest in the UK, it also has some of the country’s highest levels of poverty. Emma Dent-Coad shocked many even in the Labour party by winning one of the borough's parliamentary seats in 2017’s general election. Now Labour are attempting to take control of the council for the first time.

Labour’s assault on this ‘true blue’ heartland would have been unthinkable not so long ago. Then came the fire at Grenfell Tower, a block of public housing flats that burnt down last summer killing 71 residents. For many, the tragedy served as a deadly microcosm of the UK’s growing inequality. At the time, Labour MP David Lammy declared it “a tale of two cities- this is what Dickens was writing about in the century before the last”.

The Labour opposition upended expectations in last year’s snap election, cementing Jeremy Corbyn’s leadership of the party, and a year on, those who once mocked his chances of making it into Downing Street concede it is a real possibility.

Dozens of Momentum activists started on Thursday outside the World’s End estate, a council housing estate, before filtering out across the constituency as voters filed in to polling stations.

Owen Jones is the headline act for the ‘Unseat’ events, one of four he is set to appear at on Thursday.  Tellingly the others  - Westminster, Wandsworth and Barnet – are all Conservative held councils. The novelty of campaigning in such a ward he calls the “Socialist Republic of Kensington”, doesn’t appear lost on him.

“My first campaigning in Kensington was last Saturday”.

“We would never have dreamed of campaigning in Kensington and Chelsea to make serious gains. I think our new strategy is that we will campaign anywhere, we don’t regard anywhere as a no-go area. We are going into boroughs that Labour would never have dreamed of going in to”.

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“This idea that a borough like this should be automatically Conservative is false, it’s a borough with a huge housing crisis, we saw the most extreme of that here with the Grenfell horror”.

Mr Jones buzzes the door of redbrick mansion of luxury flats: “No cold calling, give me the leaflets and I’ll make sure they get them”, responds the building porter in his three-piece suit. Canvassing here is a logistical nightmare.

Speaking to the crowd of activists who have gathered, Mrs Dent-Coad insists “Labour look after everyone, whoever they vote for. It’s not about class… it’s about our shared values”.

How does one pitch the socialist message on the doorstep of a £5-million house? “We saw in the last election that Labour won over people who were struggling, but also won over very affluent voters," Mr Jones said.

"Just because people are doing very well doesn’t mean they don’t care about the society they live in.

“The affluent suffer from things like cuts to infrastructure – roads and police, to firefighters. We know affluent voters did vote for Labour at the last election”, insists Mr Jones.

“Everyone’s angry about the cuts, and the council caters for people regardless of their background. Everyone wants a strong council,” he adds.

Matthew Goodwin, a senior fellow at Chatham House, insists the current shift pre-dates the rise of Corbynism. “Since the 1980’s the [Labour] party has been increasingly moving ahead of the Conservative party in London, it reflects a broader pattern of Labour doing very well in the big cities.”

“This is partly wrapped up with the legacy of the Brexit referendum, we saw London shift strongly to remain. It also reflects a broader international pattern of centre-left liberal parties doing well in the big cities – Bill de Blasio in New York, Emmanuel Macron in Paris”.

“Labour has been doing increasingly well in London for years, so this is not a Corbyn factor, Corbyn appeals to the younger voters who tend to congregate in big cities and university towns, but this shift has been a long time coming”, he tells The National.

But whether or not Mr Corbyn is responsible for London’s Labour shift, it is undeniable his leadership of the party has galvanised grass roots activism. Regardless of whether or not Kensington and Chelsea council turns red on Thursday night, as Mr Jones says “the fact that we’re even campaigning here says something”.

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The Kites

Romain Gary

Penguin Modern Classics

Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

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Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital

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.”

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.