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Kensington council have £274m reserves.

On 19 Jun 2017 at 5:43pm Gregory wrote:
Kensington council's £274m reserves caused outrage after the Grenfell Tower fire. The truth is even worse.

Check it out here »
On 19 Jun 2017 at 6:09pm Alan the cat wrote:
Where do you live gregory?
On 19 Jun 2017 at 6:16pm Bet its wrote:
Not lewes
On 19 Jun 2017 at 9:27pm Alan the cat wrote:
That's a lot of thumbs down gregory. Embarrassed by you daft posting? You should be.
On 19 Jun 2017 at 9:38pm Arthur the dog wrote:
The Conservative council responsible for the tower block where at least 79 people died in a fire described by the mayor of London as preventable has stockpiled £274m of reserves and offered rebates to residents paying the top rate of council tax.
According to the latest accounts, the Royal Borough of Kensington and Chelsea ran a budget surplus, which Labour councillors have claimed was being used as a slush fund to bribe voters with a rebate close to elections.
A draft statement of Kensington and Chelsea’s accounts for 2016-17 disclosed that the council has an “AA” credit rating and a financial standing described as robust, with “usable reserves at 31 March 2017 of £274m (£300m at 31 March 2016)”.
The council has been relieved of responsibility for taking care of the survivors of the disaster, having struggled to cope with the aftermath of the deadly blaze. A new Grenfell fire response team, made up of representatives from central government, the British Red Cross, the Metropolitan police, London-wide local and regional government and the London fire brigade, will now coordinate efforts.
In 2014, the council decided to hand back £100 to residents paying the top rate of council tax in 2014 after a claimed “overachieving efficiency drive”, a decision criticised in a letter to the Guardian following the high-rise fire.
The rebate was paid weeks before local elections which returned a Conservative council, the author of the letter wrote. “Austerity, K&C style: you give to the rich while taking from the poor (nobody with discounted bills or claiming council tax support was eligible to share in the bounty of the town hall blue-chips).
On 19 Jun 2017 at 9:48pm Call me wrote:
You need professional help. Really you do.
On 20 Jun 2017 at 12:38am LBC wrote:
James O Brien This Letter Sent By Tory Kensington Council Leader Will Infuriate You

Check it out here »
On 20 Jun 2017 at 6:47am The Old Mayor wrote:
Are councils supposed to make a profit (holding reserves) surely they should charge in council tax what they need in expenses for their residents, not cream them. Fair enough having some slush fund, but there should be a reasonable limit.
On 20 Jun 2017 at 8:19am Plebian wrote:
Why should Kensington Council pay a tax rebate to those who haven't paid any tax anyway?
Seriously, what proportion of the inhabitants of G.tower do you think were paying council tax?

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