Cost of Grenfell Tower disaster soars to nearly £1 2bn

The financial cost of the Grenfell Tower disaster has reached nearly £1.2bn – 4,000 times the amount that was saved by replacing fire-retardant cladding with a cheaper combustible alternative during the disastrous refurbishment.
The bulk of the cost is being met from the public purse, dwarfing the compensation to bereaved and survivors paid by companies involved in wrapping the west London council’s block in combustible materials before the fire in June 2017 that killed 72 people. The £1.17bn known to have been spent or allocated so far is enough to fund more than 10,000 new social homes. The figure is certain to be an underestimate because several organisations involved in the disaster have not disclosed their costs.
Deborah Coles, the director of Inquest, a charity that provides expertise on state-related deaths, said: “The human cost of preventable tragedies is always paramount, but this staggering sum shows how failing to enact change when it is called for has a significant cost to the public purse because death is expensive.

https://www.theguardian.com/uk-news/2023/jul/30/grenfell-tower-disaster-cost-soars

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