Caymans Post

A world within. A state apart.
Monday, Mar 18, 2024

"Hi David...": Personal Texts Between Former UK PM & Chancellor Released Amid Greensill Lobbying Row

"Hi David...": Personal Texts Between Former UK PM & Chancellor Released Amid Greensill Lobbying Row

In response to a Freedom of Information Request, the released information revealed that Chancellor Rishi Sunak promised ex PM David Cameron " to pushed the team to explore" an alternative with the Bank of England pertaining to Cameron's financial lobbying request.

The exchange of messages between the pair took place last year when Cameron served as an adviser for the financial services company, Greensill Capital, found in the middle of an ongoing lobbying row.

Cameron lobbied the government on behalf of Greensill Capital in order to secure the company’s access to a Bank of England loan scheme meant to put off pressure from businesses amid the pandemic. A few months later the company collapsed.

The Treasury revealed the text of the messages sent by Sunak to Cameron but withheld Cameron’s messages as they were made “in his capacity as an employee of Greensill, and with an expectation of confidence.”

In response to the former PM, the Chancellor said the following in the two texts on 3 April and 23 April 2020.

"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"

"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"

The government confirmed that Cameron had also reached out to the Economic Secretary John Glen and the Financial Secretary Jesse Norman on the matter of Greensill’s access to the Covid Corporate Financing Facility (CCFF).

According to the Treasury, the matter was referred to “relevant officials and, following appropriate consultations” the request lobbied by Cameron was turned down.

The Labour Shadow Chancellor, Anneliese Dodds MP, however, argued that Sunak’s messages suggested that he “pushed” officials to consider Greensill’s requests.

“The Chancellor’s decision to open the door to Greensill Capital has put public money at risk. There must be a full, transparent and thorough investigation into the chain of events that saw Greensill awarded lucrative contracts, the freedom of Whitehall and the right to lend millions of pounds of government-backed Covid loans,” Dodds said in a statement.

Greensill Capital - a key financial backer of Britain’s third-largest steelmaker Liberty Steel - went into administration on 8 March, 2020, leaving thousands unemployed.

Newsletter

Related Articles

Caymans Post
0:00
0:00
Close
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Israel: Unprecedented Civil Disobedience Looms as IDF Reservists Protest Judiciary Reform
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
Europe is boiling: Extreme Weather Conditions Prevail Across the Continent
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Italian Court's Controversial Ruling on Sexual Harassment Ignites Uproar
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
BBC Personalities Rebuke Accusations Amidst Scandal Involving Teen Exploitation
A Swift Disappointment: Why Is Taylor Swift Bypassing Canada on Her Global Tour?
Historic Moment: Edgars Rinkevics, EU's First Openly Gay Head of State, Takes Office as Latvia's President
Bye bye democracy, human rights, freedom: French Cops Can Now Secretly Activate Phone Cameras, Microphones And GPS To Spy On Citizens
The Poor Man With Money, Mark Zuckerberg, Unveils Twitter Replica with Heavy-Handed Censorship: A New Low in Innovation?
Unilever Plummets in a $2.5 Billion Free Fall, to begin with: A Reckoning for Misuse of Corporate Power Against National Interest
Beyond the Blame Game: The Need for Nuanced Perspectives on America's Complex Reality
Twitter Targets Meta: A Tangle of Trade Secrets and Copycat Culture
The Double-Edged Sword of AI: AI is linked to layoffs in industry that created it
US Sanctions on China's Chip Industry Backfire, Prompting Self-Inflicted Blowback
Meta Copy Twitter with New App, Threads
The New French Revolution
BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner
×