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David Cameron’s lobbying scandal
The Guardian’s banking correspondent, Kalyeena Makortoff, and political correspondent Rajeev Syal discuss the unprecedented formal inquiry into lobbying by the former prime minister David Cameron on behalf of the collapsed finance company Greensill CapitalThe Guardian’s banking correspondent, Kalyeena Makortoff, talks to Rachel Humphreys about Greensill, a company that specialised in supply-chain finance, and its relationship with the former prime minister David Cameron. Cameron joined Greensill as an adviser in 2018, two years after resigning as prime minister. It has emerged that last year he sent texts to Rishi Sunak, the chancellor, and “informally” phoned two other Treasury ministers, asking for Greensill Capital to get the largest possible allocation of government-backed loans under the Covid corporate financing facility, or CCFF. He also lobbied a No 10 aide, and in 2019 took Lex Greensill to a “private drink” with Matt Hancock, the health secretary. Although Cameron hasn’t broken any rules, there have been questions raised over the fact that he appears to have used personal contacts to seek preferential treatment for a company in which he had a financial stake. On Monday No 10 said it was launching an independent investigation into Cameron’s lobbying, led by the corporate lawyer and government adviser Nigel Boardman. Rachel also hears from Guardian political correspondent Rajeev Syal about how Cameron has responded to the scandal and the wider role of lobbying in UK politics. Continue reading...
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