London Daily

Focus on the big picture.
Saturday, Feb 22, 2025

Rishi Sunak confirms he 'pushed' to help ex-PM David Cameron with Greensill COVID loan request

Rishi Sunak confirms he 'pushed' to help ex-PM David Cameron with Greensill COVID loan request

Two text messages sent to David Cameron after he asked for help with Greensill have been released by the Chancellor.

Rishi Sunak "pushed" officials to find alternative ways to help a financial services firm David Cameron was lobbying for, text messages released by the chancellor reveal.

The chancellor said the former prime minister "reached out informally by telephone" to him about getting COVID support for Greensill Capital in April last year.

Mr Cameron also called Economic Secretary John Glen and Financial Secretary Jesse Norman about access to the COVID Corporate Finance Facility (CCFF), a Freedom of Information request has revealed.

The Chancellor said Mr Cameron's requests were ultimately rejected


Mr Sunak said the meetings covered requests made by Greensill to change the terms of the scheme or expand its scope to allow them access to cheap loans from the Treasury.

However, after "appropriate consultations" both requests were rejected.

Greensill has since collapsed, putting thousands of steelmaking jobs in the UK at risk and rendering Mr Cameron's reported tens of millions of share options worthless.

The chancellor said it was right that the "Treasury listened to - and gave due consideration to - all potential options to support businesses to survive the pandemic".

He then confirmed Mr Cameron's lobbying activities, saying the former PM reached out "informally" to him by phone and the matter was referred to the relevant officials.

Mr Sunak also released two text messages he sent to Mr Cameron in April 2020, but messages sent by Mr Cameron were withheld as the government said he sent them in his capacity as a Greensill employee "and with an expectation of confidence".

The first message from Mr Sunak, sent on 3 April 2020, said: "Hi David, thanks for your message.

"I am stuck back to back on calls but will try you later this evening and if gets too late, first thing tomorrow. Best, Rishi"

A second text, sent on 23 April, said: "Hi David, apologies for the delay.

"I think the proposals in the end did require a change to the Market Notice but I have pushed the team to explore an alternative with the Bank that might work. No guarantees, but the Bank are currently looking at it and Charles should be in touch. Best, Rishi"

"Charles" refers to Charles Roxburgh, second permanent secretary at the Treasury and "the Bank" is the Bank of England.

As a result of Mr Cameron's involvement and his personal texts to members of the government, Labour has called on the government to tighten the law on lobbying.

The former Conservative leader has been exonerated of any wrongdoing over the issue.

The Registrar of Consultant Lobbyists said Mr Cameron was an employee of Greensill so was not required to declare himself on the register of consultant lobbyists.

Shadow Chancellor Anneliese Dodds said the latest text messages raise "very serious questions" about whether Mr Sunak broke the ministerial code.

She said: "They suggest that Greensill Capital got accelerated treatment and access to officials, and that the chancellor 'pushed' officials to consider Greensill's requests.

"The chancellor's decision to open the door to Greensill Capital has put public money at risk."

She called for a "full, transparent and thorough investigation" into how Greensill was awarded "lucrative contracts, the freedom of Whitehall and the right to lend millions of pounds of government-backed COVID loans".

Newsletter

Related Articles

0:00
0:00
Close
Good News: Senate Confirms Kash Patel as FBI Director
Officials from the U.S. and Hungary Engage in Talks on Economic Collaboration and Sanctions Strategy
James Bond Franchise Transitions to Amazon MGM Studios
Technology Giants Ramp Up Lobbying Initiatives Against Strict EU Regulations
Alibaba Exceeds Quarterly Projections Fueled by Growth in Cloud and AI
Tequila Sector Faces Surplus Crisis as Agave Prices Dive Sharply
Residents of Flintshire Mobile Home Park Grapple with Maintenance Issues and Uncertain Future
Ronan Keating Criticizes Irish Justice System Following Fatal Crash Involving His Brother
Gordon Ramsay's Lucky Cat Restaurant Faces Unprecedented Theft
Israeli Family Mourns Loss of Peace Advocate Oded Lifschitz as Body Returned from Gaza
Former UK Defense Chief Calls for Enhanced European Support for Ukraine
Pope Francis Admitted to Hospital in Rome Amid Rising Succession Speculation
Senate Republican Leader Mitch McConnell, at the age of 83, Declares His Retirement.
Whistleblower Reveals Whitehall’s Focus on Kabul Animal Airlift Amid Crisis
Politicians Who Deliberately Lie Could Face Removal from Office in Wales
Scottish Labour Faces Challenges Ahead of 2026 Holyrood Elections
Leftwing Activists Less Likely to Work with Political Rivals, Study Finds
Boris Johnson to Host 'An Evening with Boris Johnson' at Edinburgh's Usher Hall
Planned Change in British Citizenship Rules Faces First Legal Challenge
Northumberland Postal Worker Sentenced for Sexual Assaults During Deliveries
British Journalist Missing in Brazil for 11 Days
Tesco Fixes Website Glitch That Disrupted Online Grocery Orders
Amnesty International Critiques UK's Predictive Policing Practices
Burglar Jailed After Falling into Home-Made Trap in Blyth
Sellafield Nuclear Site Exits Special Measures for Physical Security Amid Ongoing Cybersecurity Concerns
Avian Influenza Impact on Seals in Norfolk: Four Deaths Confirmed
First Arrest Under Scotland's Abortion Clinic Buffer Zone Law Amidst International Controversy
Meghan Markle Rebrands Lifestyle Venture as 'As Ever' Ahead of Netflix Series Launch
Inter-Island Ferry Services Between Guernsey and Jersey Set to Expand
Significant Proportion of Cancer Patients in England and Wales Not Receiving Recommended Treatments
Final Consultation Launched for Vyrnwy Frankton Power Line Project
Drug Misuse Deaths in Scotland Rise by 12% in 2023
Failed £100 Million Cocaine Smuggling Operation in the Scottish Highlands
Central Cee Equals MOBO Awards Record; Bashy and Ayra Starr Among Top Honorees
EastEnders: Four Decades of Challenging Social Norms
Jonathan Bailey Channels 'Succession' in Bold Richard II Performance
Northern Ireland's First Astronaut Engages in Rigorous Spacewalk Training
Former Postman Sentenced for Series of Sexual Offences in Northumberland
Record Surge in Anti-Muslim Hate Crimes Across the UK in 2024
Omagh Bombing Inquiry Concludes Commemorative Hearings with Survivor Testimonies
UK Government Introduces 'Ronan's Law' to Combat Online Knife Sales to Minors
Metal Detectorists Unearth 15th-Century Coin Hoard in Scottish Borders
Woman Charged in 1978 Death of Five-Year-Old Girl in South London
Expanding Sinkhole in Godstone, Surrey, Forces Evacuations and Road Closures
Bangor University Announces Plans to Cut 200 Jobs Amid £15 Million Savings Target
British Journalist Charlotte Peet Reported Missing in Brazil
UK Inflation Rises to 3% in January Amid Higher Food Prices and School Fees
Starmer Defends Zelensky Amidst Trump's 'Dictator' Allegation
Zelensky Calls on World Leaders to Back Peace Efforts in Light of Strains with Trump
UK Prime minister, Mr. Keir Starmer, has stated that any peace agreement aimed at ending the conflict in Ukraine "MUST" include a US security guarantee to deter Russian aggression
×