Britain has a productivity problem – but we have the tools to solve it April 14, 2021 Budgets come and go. There is a huge buildup, the papers are filled with speculation and leaks, and in the days before excitement in Westminster reaches fever pitch. It is one of the few times when you will find all backbench MPs avidly reading government documents in detail because they know the details matter. Most [...]
Brexit: We must use EU divorce to slash tariffs for developing nations and boost UK trade, says PM adviser April 13, 2021 Brexit: We must use EU divorce to slash tariffs for developing nations and boost UK trade, says PM adviser
Labour turns up pressure on Rishi Sunak over his role in Greensill Capital scandal April 13, 2021 Labour is calling for Boris Johnson to conduct a more thorough inquiry into the David Cameron lobbying scandal, with Anneliese Dodds today also calling for Rishi Sunak to answer questions over his contact with Greensill Capital. The shadow chancellor criticised Sunak for not answering questions in parliament today about how Greensill Capital was allowed to [...]
Boris Johnson wants to ‘understand intention’ behind David Cameron lobbying April 13, 2021 Boris Johnson has today said a review into the David Cameron lobbying scandal will seek to “understand what the intention was” behind efforts to implement supply chain financing into government departments. Johnson yesterday launched an independent review into Cameron’s efforts to lobby ministers on behalf of failed finance supply chain finance firm Greensill Capital. The [...]
Credit Suisse pays out another $1.7bn of fund assets linked to Greensill April 13, 2021 Credit Suisse is set to pay out another $1.7bn of funds linked to the now collapsed Greensill Capital. It takes the total distribution to $4.8bn so far, the bank said, following an earlier payout of $3.1bn. The Swiss bank has been mired in controversy in recent weeks due to its exposure to the collapse of [...]
David Cameron ‘open to questions’ over Greensill lobbying April 13, 2021 David Cameron has said he will cooperate with a government inquiry into a lobbying row linked to collapsed finance firm Greensill. Boris Johnson yesterday announced an independent review into the way the former prime minister lobbied health secretary Matt Hancock and chancellor Rishi Sunak on behalf of Greensill and how contracts were awarded. The inquiry [...]
David Cameron ‘accepts’ contact with government should be done through ‘formal channels’ April 11, 2021 David Cameron has broken his silence on his role in lobbying the government on behalf of failed Greensill Capital, saying he “accepts” communication with the government “needs to be done through only the most formal of channels”. Cameron, who was a senior adviser at Greensill, denied any wrongdoing and said “I was breaking no codes [...]
Greensill lobbying row: Matt Hancock ‘had private drink’ with Cameron and Lex Greensill April 11, 2021 Matt Hancock met former PM David Cameron and financier Lex Greensill for a “private drink” in which the pair lobbied the health secretary to introduce a payment scheme that was later offered by the NHS. The “private drink” took place in October 2019 and the trio were joined by Bill Crothers, the former head of [...]
BlackRock and Mustier’s blank cheque firm eye Credit Suisse fund management arm April 9, 2021 BlackRock and Jean-Pierre Mustier’s blank-check firm are among investors expressing interest in Credit Suisse’s asset management arm, three sources told Reuters, as the Swiss lender explores options for the unit after a run of costly scandals. U.S. investment firm State Street Corp is also eyeing a rival bid for all or part of the Swiss [...]
Gupta says ‘aggressive’ creditors threaten steel jobs April 9, 2021 Sanjeev Gupta has today hit out at that the “aggressive tactics” of his steel empire’s creditors were putting tens of thousands of jobs at risk. Since the collapse of supply chain financiers Greensill, Gupta’s GFG Alliance has been teetering on the brink of insolvency, having had a £170m bailout bid rejected by ministers. The firm, [...]