The Commons Public Accounts Committee stated there was no proof an early cost scheme for pharmacies promoted by his firm delivered any of the promised £100 million-a-year financial savings.
The Australian financier had been an adviser to David Cameron’s authorities on provide chain finance and took on the previous prime minister after he had left workplace.
However the committee stated there was no proof of any correct evaluation of potential conflicts of curiosity arising from his advisory roles in authorities and the industrial actions of Greensill Capital.
Mr Cameron’s in depth lobbying actions on behalf of the corporate have been the topic of quite a few different choose committee inquiries.
In April 2018, Greensill Capital was appointed as a subcontractor to run the pharmacy early cost scheme and the next 12 months it started advertising a wage advance scheme for NHS workers.
However when the agency collapsed in 2021, the taxpayer was left to select up the prices.
In its report, the committee stated neither scheme delivered what it promised and there was no clear rationale for why they have been launched.
The utter failure of controls at DHSC (was) at finest terribly naive and at worst negligent
“There was a substantial lack of curiosity within the division about the advantages of the early cost for pharmacies, which in the long run didn’t ship the promised saving,” it stated.
“It’s extraordinary that in respect of the wage advance scheme, there was no obvious concern that one firm may provide a free scheme to NHS trusts which may even have the impact of boosting its status by affiliation with the NHS model and scale as a way to win enterprise elsewhere.”
Dame Meg stated: “The utter failure of controls at DHSC – at finest terribly naive and at worst negligent – in coping with Greensill Capital far predate the pandemic.
“The guarantees made by Greensill and the simple acceptance of those by the Division of Well being and Social Care are harking back to the emperor’s new garments.
“That DHSC is now paying pharmacies extra shortly itself begs the query why it ever engaged with ‘provide chain finance’ within the first place.”