{"id":117806,"date":"2021-03-21T01:16:35","date_gmt":"2021-03-21T01:16:35","guid":{"rendered":"https:\/\/precoinnews.com\/?p=117806"},"modified":"2021-03-21T01:16:35","modified_gmt":"2021-03-21T01:16:35","slug":"david-cameron-texted-rishi-sunak-lobbying-him-for-loans-to-greensill","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/world-news\/david-cameron-texted-rishi-sunak-lobbying-him-for-loans-to-greensill\/","title":{"rendered":"David Cameron texted Rishi Sunak lobbying him for loans to Greensill"},"content":{"rendered":"<h2>David Cameron texted Rishi Sunak lobbying him to grant hundreds of millions of taxpayer-funded loans to stricken financial firm Greensill before it went bust<\/h2>\n<ul>\n<li><strong>The former prime minister is said to have texted the Chancellor&#8217;s private mobile\u00a0<\/strong><\/li>\n<li><strong>Mr Sunak ignored most of the messages and instead referred him to officials\u00a0<\/strong><\/li>\n<li><strong>Labour called for an inquiry into the saga and raised questions of transparency\u00a0<\/strong><\/li>\n<\/ul>\n<p>David Cameron personally lobbied Rishi Sunak to grant millions of Covid loans to a financial firm he was advising before it collapsed, it was claimed last night.\u00a0<\/p>\n<p>The former prime minister is said to have texted the Chancellor&#8217;s private mobile in a bid to secure government-backed funding for the afflicted Greensill Capital.<\/p>\n<p>Mr Sunak ignored most of the messages and instead referred Mr Cameron to senior Treasury officials, according to The Sunday Times.\u00a0<\/p>\n<p>Those contacted by the ex-Tory premier were said to include Tom Scholar, the permanent secretary, and Charles Roxburgh, the second permanent secretary.\u00a0<\/p>\n<p>The paper reported that Mr Sunak stood by officials who felt Greensill did not qualify for the scheme.\u00a0<\/p>\n<p>But Labour has called for an inquiry into the saga to ensure that decisions taken about taxpayer money is transparent.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2021\/03\/21\/00\/40731120-9384803-image-m-58_1616286847034.jpg\" height=\"348\" width=\"306\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2021\/03\/21\/00\/40731122-9384803-image-m-56_1616286837961.jpg\" height=\"348\" width=\"306\"><\/p>\n<p>David Cameron personally lobbied Rishi Sunak to grant millions of Covid loans to a financial firm he was advising before it collapsed, it was claimed last night<\/p>\n<p>It emerged earlier in the week that Mr Cameron held meetings with Treasury mandarins to ask that Greensill receive support through the Government&#8217;s Covid Corporate Financing Facility (CCFF).<\/p>\n<p>The company, which Mr Cameron joined as an adviser in 2018, plunged into administration after its loan application was refused.<\/p>\n<p>The FT said that public records showed Greensill representatives had 10 virtual meetings between March and June last year with senior Treasury officials.\u00a0<\/p>\n<p>Mr Cameron has exposed himself to accusations of hypocrisy after previously warning about the dangers of financial lobbying.<\/p>\n<p>Mr Cameron, 54, was prime minister and Conservative leader when Mr Sunak was first elected to the Commons in 2015.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2021\/03\/21\/00\/40672556-9384803-David_Cameron_allegedly_unsuccessfully_lobbied_the_Government_on-a-59_1616286883805.jpg\" height=\"421\" width=\"632\"><\/p>\n<p>The former prime minister is said to have texted the Chancellor&#8217;s private mobile in a bid to secure government-backed funding for the afflicted Greensill Capital\u00a0<\/p>\n<p>He resigned a year later after his Remain campaign lost the Brexit referendum.\u00a0\u00a0\u00a0<\/p>\n<p>For Labour, shadow chancellor Anneliese Dodds said: &#8216;Rishi Sunak already had questions to answer as to why Greensill was given so much more access to the Treasury than other Covid lenders.<\/p>\n<p>&#8216;The suggestion that David Cameron was also contacting the Chancellor directly to further Greensill&#8217;s commercial interests raises even bigger concerns.<\/p>\n<p>&#8216;This is public money, and the processes involved in decision-making should be fully transparent and beyond reproach. We need a full and thorough investigation into what&#8217;s happened here.&#8217;<\/p>\n<p>A Treasury spokeswoman said: &#8216;Treasury officials regularly meet with stakeholders to discuss our economic response to Covid.<\/p>\n<p>&#8216;The meetings in question were primarily about broadening the scope of CCFF to enable access for providers of supply chain finance, which &#8211; following a call for evidence and discussions with several other firms within the sector &#8211; we decided against and informed the businesses concerned.&#8217;<\/p>\n<p>The Sunday Times said that Mr Cameron did not respond to a request to comment.<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-9384803\/David-Cameron-texted-Rishi-Sunak-lobbying-grant-loans-Greensill-went-bust.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Cameron texted Rishi Sunak lobbying him<\/p>\n","protected":false},"author":3,"featured_media":117805,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23056],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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