Grenfell Tower council borrowing balloons by £67m

The dismantling of Grenfell Tower will begin this month

Kensington and Chelsea Council borrowed an extra £67m last financial year to pay Grenfell Tower survivors and victims, data shows.

The cash, which was 41% of the total money it borrowed over 12 months, went towards resolving claims lodged since the tragedy and to contribute towards the restorative justice support programme, according to the council.

The interest on this debt is being paid using reserves specifically set aside for this purpose and has no impact on council taxpayers, the Local Democracy Reporting Service understands.

The council plans to repay these loans when it receives reimbursements from other companies responsible for the fire.