Labour Party Seeks Probe over Greensill Lobbying Treasury
The Financial Times reported that Greensill adviser former Prime Minister Mr David Cameron had tried to increase the specialist bank's access to government-backed Covid-19 emergency loan schemes. FT report quoted Labour's Shadow Chancellor of the Exchequer Ms Anneliese Dodds as saying “Taxpayers and businesses deserve answers about why it appears Greensill was given so much access to the Treasury. The government must leave no stone unturned with a full and thorough investigation into this."
The Treasury said it had had a meeting but decided not to take things further. A Treasury spokesperson said "Treasury officials regularly meet with stakeholders to discuss our economic response to Covid. The meetings in question were primarily about broadening the scope of CCFF [Covid Corporate Financing Facility] to enable access for providers of supply chain finance, which - following a call for evidence and discussions with several other firms within the sector - we decided against and informed the businesses concerned."
The FT says public records show Greensill representatives had 10 virtual meetings between March and June last year with the two most senior officials at the Treasury as they sought access to a Bank of England loan scheme.