A huge explosion has rocked Tipton, a town in the Sandwell borough of the West Midlands, England, close to the area’s Islamic place of worship, local media reported.
Panicked residents in Tipton reported finding nails and debris scattered close to the mosque shortly after the blast shook the area just after 1pm, British media reported.
Counter-terrorism police are investigating a suspected nail bomb attack at a mosque, according to reports.
Locals were evacuated from their homes and dozens of worshippers – who had been heading to Friday prayers in the first week of the holy month of Ramadan – had to be turned away.
They said the explosion came from a nail bomb planted in the car park at Kanz-ul-Iman Central Jamia Mosque in Binfield Street.
Rai Khan, who works in an office across the road from the mosque, described the noise which shook the building as like “being in a war zone”.
“I heard the nail bomb go off. There was one hell of an almighty bang”, he said, adding “it shook my office and really made me jump.
“There were nails strewn all over the place, I am amazed it didn’t kill anybody”, Rai Khan said.
“The windows to the mosque were all smashed up. It was like a war-zone.
“It was placed in the main car park during Friday prayers, it was obviously put there with that in mind”, he added.
A West Midlands Police spokesperson confirmed counter-terrorism officers had been dispatched to the scene.
He said: “Police have been called to Binfield Street in Tipton this afternoon following reports of a loud bang.
“Officers were called at 1.06pm and are currently at the scene.
“A cordon has been set up and the immediate area is being evacuated as a precautionary measure while police investigate what caused it.
“There are no reports of any injuries to anyone at this time.
“An investigation is being led by the West Midlands Counter Terrorism Unit and it is being treated as a terrorist incident.”
daily alternative | alternative news – Big blast rocks mosque in Tipton, England
Britain’s House Price Crash – 2016 Predictions Mount
Housing in many countries, especially Britain, is no longer an investment; it’s now made up of three fundamentals: consumption, crime and concern. The general public getting on the bandwagon with cheap loans is consumption. The crime slot is taken now that over 40% of Britain’s housing stock is bought in cash with property used as an international laundrette to wash hundreds of billions and concern comes from savers who quite rightly think that the banks and government will steal their hard-earned (low or negative savings rates), tax-paid money that drives a reluctant middle class into becoming landlords.
Cheap loans will prevail but credit is drying up the world over. The criminals have stopped buying in over-heated Britain and even George Osborne, who has fueled the bubble, is taking action against amateur landlords that make up the vast majority of property investors in Britain.
But don’t take my word for it. Predictions of a house price crash in 2016 are now mounting thick and fast, something unheard of in previous property recessions and particularly back in 2007 just before the last epic fall.
We kick off with consumption. The Week has a piece from Pete Redfern, the chief executive of Taylor Wimpey, Britain’s biggest house builder who says that “The UK is in a “borderline place” on home ownership as a result of rampant price rises and more needs to be done to rein in the pace of (property) inflation”. It also makes the observation that “London, where the housing market is becoming so detached from the wider UK that it has been called “another country”.
Then we have dodgy dosh from overseas; as RT reports – “Asian and Russian luxury homebuyers are deserting London’s property market amid economic uncertainty. Property buyers from Asia made up 26 percent of those buying homes in wealthy areas of London such as Kensington, Chelsea, and Belgravia in the first three quarters of last year. That figure has dropped to 6 percent according to figures compiled by estate agent Hamptons for the Financial Times”.
And not forgetting those poor fearful middle class reluctant landlords about to lose their shirts. From industry expert Letting Agent Today – “Osborne has slashed rental sector confidence ‘to below crisis levels’. Landlords’ confidence in the buy to let sector has collapsed to an all-time low and is now “worse than levels witnessed during the financial crash” according to a trade body. Richard Lambert, chief executive of the National Landlords Association, says confidence in landlords’ business expectations has tumbled by more than a third over the past year – down from 67 per cent to an all-time low of 43 per cent. The current level of confidence in the BTL sector is now five per cent lower than levels witnessed after the financial crash in 2007”.
The property bubble will burst and London will be its epicenter. But it’s not just London that is causing it. Back in the early 1990s I was already a few years into my 25-year career in residential property. Chancellor Nigel Lawson decided to abolish MIRAS in 1988 – a mortgage relief scheme which saved homeowners thousands on their payments. Stupidly, Lawson gave about six months notice. This pushed up prices as buyers rushed to snatch up a property before the tax break disappeared, much the same as Osborne’s increase in tax and subsequent epic run by property investors to beat the deadline this April.
On that day in April 1988 I saw the entire property industry implode. Property prices fell by around a third, 1.5 million homeowners declined into negative equity, annual repossessions doubled, tripled and then quadrupled in a matter of months. At one point repossessions represented 1 in every 130 households of Britain.
A few years later I switched from selling property to renting and ended up managing one of the biggest residential rental portfolios in the UK. I had 11,000 repossessions to manage because the government had offered tax breaks to banks and building societies to stop these units reaching the market via auctions (called Business Expansion Scheme Companies or BESCo’s) and utterly destroying what little remained of the housing market. I also had another 2,000 high-end units where building companies had gone bust with no one to buy them. We filled them with all those that had lost their homes or where the government were paying housing benefit – obviously.
Over 40% of Thatcher’s right-to-buy disaster ended up being repossessed. Cameron has just made the same mistake, except he’s a bit late in the game announcing it this time around.
Like last time, the bubble will burst where the price is most inflated – London. Unlike previous deflations, this one is predicted, and the writing is large and loud.
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