London Daily

Focus on the big picture.
Tuesday, Oct 20, 2026

Richard Sharp: Boris Johnson was told to stop asking for loan advice

Richard Sharp: Boris Johnson was told to stop asking for loan advice

Links between Boris Johnson and BBC chairman Richard Sharp are under fresh scrutiny, following a report that the then-prime minister was told to stop asking Mr Sharp for financial "advice".

Mr Sharp's appointment is under review following successive reports in the Sunday Times that he helped Mr Johnson secure a loan before getting his job.

The paper's latest story cites a leaked Cabinet Office memo from December 2020. Officials have declined to comment.

Both men deny any wrongdoing.

They have separately said that Mr Sharp was not involved in arranging a loan for the then-prime minister, and say that neither man acted with any conflict of interest.

In the wake of the Sunday Times's fresh report, a spokesman for Mr Johnson insisted to the BBC that he had never received or sought financial advice from Mr Sharp.

Mr Sharp has resisted calls to stand down from his job - saying he expects to be exonerated, as he was appointed "on merit".

BBC News has been told Mr Sharp's position remained unchanged following the latest Sunday Times reporting.

However, his appointment is to be investigated by the public appointments commissioner as well as an internal panel. He also faces a grilling from MPs.

The Conservative government has also faced attacks from opposition parties over the appointment of Mr Sharp, whose role as BBC chairman is to uphold the broadcaster's independence.

Mr Sharp has previously acknowledged that he had contacted Cabinet Secretary Simon Case in late 2020 - to discuss an offer of financial assistance for Mr Johnson.

That offer came from his wealthy Canadian friend Sam Blyth - also a distant cousin of Mr Johnson.

Mr Sharp - who worked as a government adviser at the time - has said he "simply connected people", and that his involvement in the loan facility ended at this point.

The warning to Mr Johnson was sent on 22 December 2020 - about two weeks before his government unveiled Mr Sharp as the new BBC chairman, the Sunday Times wrote.

This leaked Cabinet Office memo was reportedly sent after the two men asked for advice on Mr Johnson accepting an £800,000 loan from Mr Blyth.

It reportedly came from Mr Case, a top civil servant, around two weeks before Mr Sharp was announced in his BBC role on 6 January 2021.

Mr Johnson is said to have secured his loan the following month.

The memo allegedly requested that Mr Johnson "no longer ask [Mr Sharp's] advice about your personal financial matters", making specific reference to Mr Sharp's "imminent announcement" as BBC chairman.

The then-prime minister was reportedly told he could take out the loan - without declaring it - as long as his guarantor Mr Blyth had no "business or personal interests in the UK" beyond his family ties.

But Mr Blyth was on a government list of recommended candidates for the British Council, without senior figures in the public body realising his relation to Mr Johnson, the Sunday Times reported.


The warning to Mr Johnson was sent several weeks before Mr Sharp was unveiled as the new BBC chairman

Mr Blyth told the paper that his name was suggested by others, that he never formally decided to apply, and that he ultimately ruled himself out of the running.

Mr Johnson's spokesman told the BBC that he and his team had been unaware that Sam Blyth was being considered for a role at the British Council.

After the first questions were raised about his appointment, Mr Sharp stressed that he had been "comfortable" with the way the process had been carried out.

He said his discussion with Mr Case had been about avoiding conflicts of interest, and to ensure the correct process was followed "exactly by the book".

But, in an email sent to BBC staff, he apologised and said the row had become a "distraction".

A spokesperson for the Cabinet Office declined to comment on the leaked memo cited by the Sunday Times, of which the BBC has not seen a copy.
Newsletter

Related Articles

0:00
0:00
Close
British Government Reallocates Twenty-Five Per Cent of International Climate Finance to Global Biodiversity Projects
Initial British Carbon Border Taxes Set to Undercut Parallel European Union Tariffs on Industrial Imports
Whitehall Prepares National Zero-Interest Loan Initiative to Accelerate Domestic Heat Pump and Solar Adoption
European Union Offers British Automakers Access to Hybrid Vehicle Trade Protections Subject to Strict Regulatory Alignment
British Probation Officers Threaten Widespread Industrial Action After Rejecting Five Per Cent Government Pay Offer
Microsoft Abandons Major British Artificial Intelligence Data Centre Citing Severe National Grid Power Constraints
United Kingdom Inflation Accelerates to Three Point Four Per Cent Ahead of Chancellor John Healey's Inaugural Autumn Budget
Surging Cloned Number Plates Severely Complicate Traffic Enforcement and Police Investigations
Mounting Opposition Challenges Planned Rollout of Autonomous Taxis Across London
Influential Think Tank Urges Rejoining European Union to Navigate Geopolitical Crises
Government Review Recommends Slashing Benefits to Fund Youth Employment Initiatives
Senior Minister Shabana Mahmood Seeks New Law Enforcement Pact With European Union
Airbus Executive Warns Britain Risks Losing Crucial Role in European Space Industry
Exorbitant Electricity Costs Push British Steelmakers to Worst Competitive Position in Three Years
British Food and Beverage Exports to European Union Collapse by Over a Third Since Brexit
Up to Twenty English Maternity Units Face Impending Closure Due to Safety and Staffing Crises
Government Declares Severe Drought Across Southern England Following Record Dry Spell
Corporate Profit Warnings Reach Two-Year High Amid Middle East Conflict and Rising Costs
International Monetary Fund Warns Chancellor John Healey Against Proposed Bank Tax Raid
Northern Ireland Secures Favorable Agricultural Export Agreement with European Union
Scottish Government Approves Major Offshore Floating Wind Farm Near Aberdeenshire
High Speed Two Rail Project Faces Three Billion Pound Cost Escalation on Initial Phase
National Health Service Warns of Winter Capacity Crisis Across English Hospitals
Tata Steel Confirms Two Thousand Job Cuts at Port Talbot to Fund Green Transition
Global Microchip Developer Announces Three Billion Pound Semiconductor Plant in Cambridge
United Kingdom Artificial Intelligence Safety Institute Proposes Mandatory Licensing for Generative Models
United Kingdom Commits Additional Long-Range Weapons and Air Defenses to Ukraine
British Chancellor Overhauls Infrastructure Financing to Bypass Borrowing Constraints
Bank of England Holds Benchmark Interest Rate at Four Point Five Percent
First Minister Rhun ap Iorwerth Confirms Constitutional Discussions Over Welsh Independence During Initial Bilateral Call with Prime Minister
Labour Party Instructs Local Council Groups to Sever Power-Sharing Accords with Green Party Over New Controversial Policy Positions
Institute for Fiscal Studies Warns of Thirty-Five Billion Pound Fiscal Gap Ahead of Chancellor John Healey Upcoming Autumn Budget
House of Lords Backs Landmark Legislative Amendment to Decriminalize Abortion Across England and Wales
United Kingdom Defence Secretary Wes Streeting Travels to Pentagon for High-Level Strategic Talks Amid Escalating Tensions Over Ukraine and United States Policy Shifts
Bank of England and International Monetary Fund Officials Issue Urgent Warnings Regarding Potential Artificial Intelligence Financial Market Shocks
Reform UK Faces Severe Political Fallout and Scrutiny After Undercover Media Investigations Reveal Systemic Racism Among Candidates
Former Democratic Unionist Party Leader Jeffrey Donaldson Sentenced to Fifteen Years in Prison Following Landmark Child Sexual Abuse Trial
House of Lords Votes to Amend Schools Bill Implementing Comprehensive Social Media Ban for Children Under Sixteen Years of Age
International Monetary Fund Upgrades United Kingdom Growth Forecast for Two Thousand Twenty-Six While Warning of Energy-Driven Inflation Pressures
Competition and Markets Authority Launches Formal Inquiry Into Corporate Artificial Intelligence Partnerships
Automotive Industry Leaders Urge Westminster to Accelerate Electric Vehicle Charging Infrastructure Rollout
Home Office Expands Digital Border Security Framework With Mandatory Electronic Travel Authorizations Across United Kingdom
Northern Ireland Executive Reaches Final Consensus on Public Sector Pay Reform and Budget Allocations
Welsh First Minister Secures Additional Funding for Rural Agricultural Transition and Sustainable Farming Schemes
Scottish Government Unveils Accelerated Regional Infrastructure Strategy to Boost Clean Energy Manufacturing
National Health Service England Launches Emergency Recruitment Drive to Alleviate Severe Acute Care Winter Backlogs
Bank of England Monetary Policy Committee Signals Cautious Approach to Interest Rate Reductions Amid Persistent Wage Growth
British Government Finalizes Emergency Energy Support Package to Protect Households From Winter Price Surges
Russell Brand Trial Begins at Southwark Crown Court
UK Parliament to Debate Climate Risks and Council Tax Following Public Petitions
×