The Guardian’s banking correspondent, Kalyeena Makortoff, talks to Rachel Humphreys about Greensill, an organization that specialised in supply-chain finance, and its relationship with the previous prime minister David Cameron. Cameron joined Greensill as an adviser in 2018, two years after resigning as prime minister. It has emerged that final 12 months he despatched texts to Rishi Sunak, the chancellor, and “informally” phoned two different Treasury ministers, asking for Greensill Capital to get the most important doable allocation of government-backed loans underneath the Covid company financing facility, or CCFF. He additionally lobbied a No 10 aide, and in 2019 took Lex Greensill to a “personal drink” with Matt Hancock, the well being secretary.
Though Cameron hasn’t damaged any guidelines, there have been questions raised over the truth that he seems to have used private contacts to hunt preferential remedy for an organization through which he had a monetary stake. On Monday No 10 stated it was launching an unbiased investigation into Cameron’s lobbying, led by the company lawyer and authorities adviser Nigel Boardman. Rachel additionally hears from Guardian political correspondent Rajeev Syal about how Cameron has responded to the scandal and the broader function of lobbying in UK politics.
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