{"id":111886,"date":"2021-04-12T20:31:51","date_gmt":"2021-04-12T20:31:51","guid":{"rendered":"https:\/\/fin2me.com\/?p=111886"},"modified":"2021-04-12T20:31:51","modified_gmt":"2021-04-12T20:31:51","slug":"uk-opens-probe-into-greensill-lobbying-by-ex-pm-cameron","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/uk-opens-probe-into-greensill-lobbying-by-ex-pm-cameron\/","title":{"rendered":"UK opens probe into Greensill lobbying by ex-PM Cameron"},"content":{"rendered":"

LONDON (Reuters) -Britain\u2019s government has opened an independent investigation into failed finance company Greensill Capital after lobbying by former Prime Minister David Cameron raised questions over its access to ministers.<\/p>

FILE PHOTO: Britain’s former Prime Minister David Cameron arrives to attend the National Service of Remembrance, on Remembrance Sunday, at The Cenotaph in Westminster, London, Britain, November 10, 2019. REUTERS\/Simon Dawson<\/figcaption>

Australian banker Lex Greensill was brought in as an adviser to the government while Cameron was British prime minister from 2010 to 2016. After leaving office, Cameron in turn became an adviser to Greensill\u2019s now-insolvent company.<\/p>\n

The Financial Times and Sunday Times newspapers have reported that Cameron contacted ministers directly to lobby on behalf of Greensill Capital, including sending text messages to finance minister Rishi Sunak and arranging a private drink between Greensill and Health Secretary Matt Hancock.<\/p>\n

Cameron, in his first comments on his actions on Sunday, said he had not broken any rules, but that he accepted his communication with government should be completely formal.<\/p>\n

Britain\u2019s Treasury has said Cameron contacted Sunak and two other ministers in the department to ask if Greensill could have access to the government\u2019s COVID-19 loan schemes at the start of the pandemic.<\/p>\n

Prime Minister Boris Johnson\u2019s spokesman said Johnson understood the \u201csignificant interest\u201d in the matter and wanted to start the review to \u201censure government is completely transparent about such activities\u201d.<\/p>\n

The review will be led by Nigel Boardman, a partner at law firm Slaughter and May, and will report to Johnson by the end of May. Boardman will step aside from his role as a non-executive director at Britain\u2019s business ministry during his investigation.<\/p>\n

Related Coverage<\/p>\n<\/p>\n

\u201cThe Prime Minister has asked Mr Boardman to conduct a review that will look into the decisions taken around the development and use of supply chain finance (and associated schemes) in government, especially the role of Lex Greensill and Greensill Capital,\u201d the government said.<\/p>\n

Johnson\u2019s spokesman added that the review \u201cwill also look at how contracts were secured and business representatives engaged with government\u201d.<\/p>\n

Cameron said that in his representations to government he did not break any codes of conduct or government rules.<\/p>\n

Ultimately the outcome of the discussions on Greensill\u2019s proposals on a loan were not taken up, he said, and therefore his interventions did not lead to a change in the government\u2019s approach.<\/p>\n

\u201cHowever, I have reflected on this at length,\u201d he said in a statement to the Press Association news agency.<\/p>\n

\u201cThere are important lessons to be learnt. As a former prime minister, I accept that communications with government need to be done through only the most formal of channels, so there can be no room for misinterpretation.\u201d<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

LONDON (Reuters) -Britain\u2019s government has opened an independent investigation into failed finance company Greensill Capital after lobbying by former Prime Minister David Cameron raised questions […]<\/p>\n","protected":false},"author":3,"featured_media":111885,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nUK opens probe into Greensill lobbying by ex-PM Cameron - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/uk-opens-probe-into-greensill-lobbying-by-ex-pm-cameron\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK opens probe into Greensill lobbying by ex-PM Cameron - Fin2me\" \/>\n<meta property=\"og:description\" content=\"LONDON (Reuters) -Britain\u2019s government has opened an independent investigation into failed finance company Greensill Capital after lobbying by former Prime Minister David Cameron raised questions [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/uk-opens-probe-into-greensill-lobbying-by-ex-pm-cameron\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-12T20:31:51+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/04\/UK-opens-probe-into-Greensill-lobbying-by-ex-PM-Cameron.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/uk-opens-probe-into-greensill-lobbying-by-ex-pm-cameron\/\",\"url\":\"https:\/\/fin2me.com\/markets\/uk-opens-probe-into-greensill-lobbying-by-ex-pm-cameron\/\",\"name\":\"UK opens probe into Greensill lobbying by ex-PM Cameron - 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