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.
