There is something profoundly wrong when the company behind Grenfell Tower’s flammable cladding paid more compensation to its shareholders than to victims of the disaster. Of Arconic’s £86m in Grenfell-related settlements, all but £1.5m was covered by insurers. Hardly enough to make a multinational think again. The company whose product the inquiry found was the “primary cause” of the fire’s rapid spread has ended up paying only a fraction of the wider social cost, while the multibillion-pound bill for making hundreds of buildings safe falls largely on the state. In June 2017, 72 people – including 18 children – died in London’s Grenfell Tower fire. Almost a decade later, nobody has been criminally charged over its causes. It’s hard to conclude anything but that Britain’s system of corporate accountability is rotten.

A new report by the thinktank Common Wealth and the financial investigations........

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