Grenfell Tower council is sitting on a £300MILLION reserve: Britain’s richest borough scrimped on social housing (but splashed £1.5million to host an OPERA in Holland Park)

‘The council in charge of Grenfell Tower has nearly £300million in ‘usable reserves’, it emerged today.
Kensington and Chelsea borough council – accused of failing to protect those killed in the fire – have built up the huge sum through what it calls an ‘extensive cost reduction programme’.
While residents of the devastated tower block protested about cuts, the local authority put money into a scheme to host opera performances in the borough.
They ploughed £5million from the council’s reserves into helping set up Opera Holland Park (OHP) as an independent charity in 2015, and lost £1.5million on staffing and operating the event.’
Read more: Grenfell Tower council is sitting on a £300MILLION reserve: Britain’s richest borough scrimped on social housing (but splashed £1.5million to host an OPERA in Holland Park)