Skip to content
Search

Latest Stories

Cameron contacted senior ministers 'repeatedly' last year to lobby for Greensill, documents reveal

Cameron contacted senior ministers 'repeatedly' last year to lobby for Greensill, documents reveal

FORMER British prime minister David Cameron repeatedly contacted senior ministers over a four-month period in 2020 to lobby for the now-failed, supply-chain finance firm Greensill Capital, according to documents published on Tuesday (11).

Cameron's involvement in efforts to secure access for Greensill Capital to the government's pandemic funding schemes have fuelled wider questions about lobbyists' influence over British government decision-making.


The communications log released on Tuesday included texts, WhatsApp messages and telephone calls to finance minister Rishi Sunak, cabinet office minister Michael Gove and health minister Matt Hancock. He also contacted several officials.

"Again Greensill have got a 'no'," Cameron wrote to top finance ministry official Tom Scholar on April 3, 2020 according to documents provided by Cameron to parliament's Treasury Committee.

"Am genuinely baffled ... This seems bonkers. Am now calling CX, Gove, everyone. Best wishes. Dc."

'CX' refers to Sunak.

Cameron was lobbying the government to allow Greensill, founded by Australian banker Lex Greensill in 2011, to access a Covid-19 financing scheme.

The Bank of England said in April that no changes were made to the Covid Corporate Financing Facility as a result of communication between Cameron and Bank officials.

Cameron has denied breaking any code of conduct or government rules and the government has repeatedly said the outcome of his discussions on Greensill's proposals for access to a Covid-19 loan scheme were not taken up.

Nevertheless, the opposition Labour Party say Cameron's involvement is evidence of a wider culture in which those with privileged access to ministers can gain an unfair advantage.

Current prime minister Boris Johnson is also facing investigations over his conduct on several unrelated issues concerning donations and funding. He denies any wrongdoing.

'Contacted six ministers'

Later on Tuesday, Lex Greensill appeared for more than three hours before a parliamentary inquiry into the collapse of the firm and its lobbying efforts.

Greensill was brought in as an adviser to the government while Cameron was British prime minister from 2010 to 2016.

Asked about his relationship with Cameron, he said the two were not close during his time working for the government.

"I wouldn't say that Mr Cameron and I were friends," Greensill said. "I met him a couple of times in the time that I worked with the Cabinet Office."

After leaving office, Cameron became an adviser to Greensill Capital, which filed for insolvency protection in March.

The data release showed Cameron contacted six different ministers and a similar number of government and Bank of England officials. The messages ranged from arranging calls to listing the merits of Greensill's business.

"Am sure goodwill and common sense can fix this. In the end substance is what matters (help for SMEs) - the form can always be sorted," one message from Cameron to Sunak said.

The Treasury Committee will interview Cameron on Thursday (13).

More For You

Shein-Reuters

Shein had aimed to go public in London in the first half of this year, subject to regulatory approvals in the UK and China. (Photo: Reuters)

Shein cuts valuation to £40 billion for London listing

SHEIN is preparing to lower its valuation to around £40 billion for a potential initial public offering (IPO) in London, according to three Reuters sources familiar with the matter.

This is nearly 25 per cent lower than the company's 2023 fundraising valuation as it faces increasing challenges.

Keep ReadingShow less
Northern-Superchargers-Getty

Ben Stokes and Matthew Short of Northern Superchargers walk out to bat during The Hundred match between Manchester Originals and Northern Superchargers on August 11, 2024 in Manchester, England. (Photo: Getty Images)

Sunrisers Hyderabad to acquire Northern Superchargers in £100 million deal

INDIAN Premier League franchise Sunrisers Hyderabad is set to become the first full owners of an English Hundred team after agreeing to buy Yorkshire’s Northern Superchargers for a reported £100 million.

The Sun Group will be the third IPL-linked investor in the eight-team Hundred competition, following Reliance Industries, which owns Mumbai Indians, and RPSG, which runs Lucknow Super Giants.

Keep ReadingShow less
BT-Getty

A view of the British Telecom (BT) headquarters in central London. (Photo: Getty Images)

BT to remove diversity targets from manager bonuses

BT will remove diversity, equity, and inclusion (DEI) targets from its manager bonus scheme, replacing them with a measure of overall employee engagement.

The change, set to take effect in April, follows consultation with major investors and has received “strong support,” according to the company, The Telegraph reported.

Keep ReadingShow less
India's central bank cuts interest rates for first time since 2020

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.. (Photo credit: Reuters)

India's central bank cuts interest rates for first time since 2020

THE RESERVE BANK OF INDIA (RBI) reduced interest rates on Friday for the first time in nearly five years, citing concerns over economic growth despite inflation risks.

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.

Keep ReadingShow less
Sri Lanka seeks to negotiate with Adani over renewable energy plants

Gautam Adani

Sri Lanka seeks to negotiate with Adani over renewable energy plants

SRI LANKA’S government started talks with India’s Adani Group to lower the cost of power from two wind power projects the group will build in the island nation’s northern province, the cabinet spokesman said last Tuesday (28).

Sri Lanka has been reviewing the group’s local projects after US authorities in November accused billionaire founder Gautam Adani and other executives of being part of a scheme to pay bribes to secure Indian power supply contracts. Adani has denied the allegations.

Keep ReadingShow less