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IFAs feel the effects of local social unrest

Advisers in areas affected by this week’s social unrest were forced to close their offices to keep staff safe.

Archers Financial Services proprietor Noel Sainsbury says that on Monday evening, Enfield town centre became a no-go zone, with cars, shops and warehouses set on fire. He closed early, fearing for the safety of staff and clients, after being confronted by rioters the previous evening.

He says: “A policemen said trouble was coming, so, worried for our staff, we closed the office. You could not go near town. Now it is deserted, so it is also hitting business.”

Sainsbury says on Sunday night, he was confronted by a gang of people in their late 20s. He says: “They baited police and then saw me and started shouting: ’What are you staring at.’ It was frightening, these are people old enough to know better.

“Our office is very close to the high street and has five large plate-glass windows. We have not seen fires like this since the Blitz so we are keeping our fingers crossed that they do not come our way tonight.”

Another Enfield IFA, GLS Wealth Management financial planner Ian Skinner, says: “The advisory businesses near us were untouched. Because we do not sell CDs or clothes, they seemed to leave us alone.”


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There are 8 comments at the moment, we would love to hear your opinion too.

  1. This is a very sad situation that brings disgrace to all who live in the UK.

    This isn’t a political statement but a sad reflection on the moral fibre of a country and especially of the young, who are disgruntled because they believe they should have something for nothing and have no respect for any authority be it parental, school or police.

    It starts with a society interested in material things and a lack of moral or ethical standards encouraged by Governments who pander to the vote catching principles of the majority. It is increasingly not acceptable to have any religious or moral standards and politicians blaming the present unrest on the present economic climate are making cheap and crass comments for political gain only without care or consideration to the majority of citizens they serve.

  2. Another problem whose roots lie with Gordon Brown. The socialist ideology he practised in a something for nothing society has been left to the coalition to sort out. Now they are being painted as the nasty guys with all the austerity measures put the UK back on track. Just like the poll tax riots in early 1990’s in the dying throws of Thatcher ‘s premiership when weakness was detected. This weakness must not be allowed to continue and I would have put the army on the streets to provide relief to the overstretced police and send a no tolerance the rioters.

  3. Why don’t the police use water cannon with a pink dye in it that takes months to come out. The idiots that are causing mayhem would then be known to everyone well into the future.

  4. Putting in the Army would just incite more riots. It did not work in Northern Ireland and it won’t work here.

    The job is up to the Courts. Let the police catch them and put them before the courts within 24 hours. Then the judge should hand out a short sharp six month sentences to the lot of them regardless of the amount of their involvement or age.

    The problem is everyone is making excuses for the ‘poor little mites’, deprived areas, no hope of a job etc etc.

    Lock the thieving little bastards up!

  5. Sorry but I am going to get political.
    I agree with a lot of what Ewart says but disagree with Duncan when he says that the roots of this lie with Gordon Brown (as much as I detest the man).

    This problem goes so much deeper and the reasons are many.
    Consider: The role of the welfare state, which is not working, I think, in the way it was originally intended and reards laziness whilst working people are crucified.
    fractured family life over the last 30 years or so with kids being brought up with half brothers and sisters and a succession of worthless ‘father’ figures.
    access to grossly violent DVDs/videos over the last 30 years or so.
    access to hard drugs and alcohol
    loss of respect for any authority figures due to the public’s awareness of
    1. crooked politicians
    2. crooked police
    3. crooked media moguls and reporters
    4. church figures involved in gross acts against children
    5. crooked bankers
    6. magazines and newspapers constantly showing how rich and stupid celebrities are.

    Who is there to respect any more? Why are we wondering how society has come to this?
    Why would we expect these kids and young adults to care about anyone else?
    I am not making excuses for them, however, they have to be brought to book and hammered until they realise this sort of behavious doesn’t pay. The sad thing appears to be that it does pay, however, and whether society has the courage to make the extremely radical changes that are needed I very much doubt.
    You should need a licence to prove you can afford to have children and are capable of bringing them up, just like you need to prove you are capable of looking after a child you want to adopt. Enforce stralistion for drug addicts and nutters and penalties (as in China) for others. What are the chances of that being brought in though?

  6. First of all we must not let the actions of a very small minority colour our views of young people in society today. By far and away the vast majority (99.99%) of young people are truly excellent individuals who we should encourage and allow to develop to their full potential.

    As to the feral minority they are always going to be a problem. The politicians will pay their usual lip service to these “underclass” (and before any bleeding heart liberal has a go at me “underclass” has nothing to do with the absence of wealth just the absence of any acceptable standards).

    Some Politicians will exploit the situation and claim that it is economic issues that causes this poor behaviour we must ensure that such Politicians are corrected in their stupidity

    This small minority think they should be given respect because no one has taught them that respect is something you earn. Sadly in many cases they have learned their behaviour from their parents or because their was no parent to provide them with a moral compass.

    The Courts will treat them with kid gloves and we will reinforce their poor behaviour

    However focus on the positive. How delightful was it to see the response of local residents who started the clean up of their community as soon as they could. Now that is what the news should be focus on

  7. I don’t really think that 99.99% of young people are excellent Nick. Perhaps 35% excellent, 30% mediocre and 35% rubbish. I would also say that is not too far out for the adults in this, or any other country.

  8. @Paul Schan

    I am ever the optimist I guess but one look at the horrible media coverage tells us that small numbers behaving poorly creates the impression that the majority are like that- they are not I am pleased to say

    All very sad but time for change needed

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