David Cameron “pressured another Tory Treasury minister for loans” to save collapsed financial firm Greensill

  • David Cameron “contacted Treasury Secretary Jesse Norman”
  • Did this while trying to gain access to Chancellor Rishi Sunak, it was claimed
  • Norman known to the Prime Minister, as Downing Street political adviser from 2013










loans, reports show” class=”blkBorder img-share” style=”max-width:100%” />

David Cameron lobbied a second Tory Treasury minister to give the Greensill financial firm access to government Covid support loans, reports show

David Cameron lobbied a Conservative second treasury minister to grant the Greensill financial firm access to the government’s Covid support loans, according to reports.

The ex-prime minister contacted Financial Secretary to the Treasury Jesse Norman as he tried to gain access to Chancellor Rishi Sunak, it was claimed.

Norman was best known to Cameron, having served as a political adviser in Downing Street from 2013 and being in the House of Commons since the start of the coalition government in 2010, The temperature reports.

The revelations that Cameron contacted Norman raise more questions about the extent of lobbying in government that the former prime minister pursued for the sake of Greensill – which collapsed in February.

He was then working as a senior advisor to the company, with his stock options valued at around $ 60 million.

Norman was not responsible for coronavirus support programs, but he played an important role in the Treasury’s overall response to the pandemic as minister responsible for HM Revenue & Customs.

Sunak said he was contacted by Cameron, who also contacted senior Treasury and Bank of England officials, according to reports.

It is understood that representatives from Greensill held ten calls with senior Treasury officials between March and June 2020, seeking access to the Bank of England’s lending program.

Sources have claimed that when Greensill learned he was not eligible for the program, Cameron contacted Norman and Sunak directly in an attempt to lobby to expand the rules.

Jesse Normand

Rishi Sunak

The ex-prime minister contacted Financial Secretary to the Treasury Jesse Norman (left) as he tried to gain access to Chancellor Rishi Sunak (right), it was claimed.

Norman and Sunak have both turned the matter over to officials and the decision has not been changed, it is understood.

Earlier this week, Sunak broke his silence on Cameron’s lobbying with a blow to the former Tory prime minister.

He did not deny that Mr Cameron had contacted him directly to ask for a million dollars in cash assistance from Covid to help bail out financier Greensill Capital before he went bankrupt.

But in a cutting comment, he added: “It is important that whoever they are, whether they are prime ministers or anyone else… that they follow the rules and guidelines that we have in place for lobbying. “

He defended the Treasury’s right to speak with “stakeholders,” but added that the department “ultimately rejected the suggestion” to step in to help Greensill, which collapsed earlier this year.

Mr Cameron was cleared last week of breaking lobbying rules after an investigation by Harry Rich, Registrar of Consulting Lobbyists – a position created in legislation passed by Mr. Cameron’s government in 2014.

Labor demanded an investigation. Shadow Cabinet Minister Rachel Reeves said: “Taxpayers deserve to know the true extent of government access to Greensill Capital through the former Tory Prime Minister.

“The Conservatives cannot continue to turn a blind eye to the behavior of David Cameron and must contain cronyism at the heart of government.”

Mr Cameron’s office has been approached for comment.

Advertising


Source link

Leave a Reply

Your email address will not be published.