Monday, 19 June 2017

Kensington Council Failure To Spend £270m Reserves On Housing

The council responsible for Grenfell Tower has been accused of carrying out “unacceptable” financial practices after it emerged the borough had stockpiled £274m of usable reserves following years of chronic underspending.  Labour MP for Tottenham David Lammy said very serious questions needed to be asked about why the Royal Borough of Kensington and Chelsea (RBKC) was running a budget surplus despite repeated warnings from residents that the block posed a fire risk. The shadow Communities Secretary Andrew Gwynne said “If some of this money was spent on sprinkler systems and non-flammable cladding we wouldn’t be where we are today.” Read more on the Independent website.

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