Residents evacuate Chalcots Estate tower blocks in Camden, London on June 23, 2017. Tolga Akmen / EPA
Residents evacuate Chalcots Estate tower blocks in Camden, London on June 23, 2017. Tolga Akmen / EPA

Thousands evacuated from London flats over fire safety concerns after Grenfell tragedy



LONDON // Thousands of residents from 650 London flats were evacuated on Saturday due to fire safety fears in the wake of the Grenfell Tower tragedy, but dozens refused to leave their homes, local officials said.

Four of the five Chalcots Estate towers in Camden, north London, were deemed unsafe after they were found to use cladding similar to that on the Grenfell Tower, widely blamed for the rapid spread of the massive blaze last week that is presumed to have killed 79 people.

Some 27 high-rise buildings in 15 local authorities have already failed urgent fire tests conducted after the Grenfell fire, the British government announced on Saturday, raising fears that thousands more may need to leave their homes.

Around 4,000 residents from all five Chalcots towers were initially evacuated, but one of the five was later deemed safe and residents allowed to return.

Other residents faced chaos, with temporary accommodation offered in a local leisure centre and hotels, but some refused to move.

Camden council leader Georgia Gould said 83 residents had refused to leave, adding that the situation “will become a matter for the fire service”.

Outside one of the leisure centres, evacuees accused the authorities of sowing “panic”.

“At 8.30pm (local time) yesterday they told us: ‘You have to leave.’ I don’t understand why,” said Murtaza Taha, 27. “They made people panic. Inside [the centre], they are all afraid, they are all crying.”

“They say they are going to find us a place to stay, they say for two to four weeks, but you never believe the council. If they say weeks, they mean months,” he added.

Rosie Turner, 27, said she had initially refused to come because of concerns over her nine-week-old baby.

“There is nothing for him here, everyone is on top of each other,” she said. “They should have done it in a proper and organised way, we could have arranged to stay with our family.”

“Today I’m gonna go back to my flat, I don’t care.”

Council leader Ms Gould acknowledged it was “a scary time” but vowed “to make sure that residents stay safe.

“The cost we can deal with later,” she added.

The council has booked hotels across London and the works are expected to take up to four weeks.

In an update early on Saturday, the council said it had secured “hundreds of hotel beds for Chalcots’ residents”.

Prime minister Theresa May, meanwhile, said on Saturday that the government would do “what is necessary” to ensure people would have somewhere to stay.

* Agence France-Presse

Company%20Profile
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
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

Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

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Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
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Profile

Company: Libra Project

Based: Masdar City, ADGM, London and Delaware

Launch year: 2017

Size: A team of 12 with six employed full-time

Sector: Renewable energy

Funding: $500,000 in Series A funding from family and friends in 2018. A Series B round looking to raise $1.5m is now live.

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COMPANY%20PROFILE
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How to invest in gold

Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.

A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).

Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.

Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”

Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”

Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”

By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.

You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.

You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.

The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)