Greensill hoped to use the money to lend cash to its clients, which included Liberty Steel’s owner, GFG Alliance. However, granting Greensill access to the CCFF would have meant bending the rules, since lenders are not meant to borrow money through that programme. The Treasury would not comment on whether Cameron had contacted Sunak but a spokesperson said: “Treasury officials regularly meet with stakeholders to discuss our economic response to Covid. “The suggestion that David Cameron was also contacting the Chancellor directly to further Greensill’s commercial interests raises even bigger concerns. “This is public money, and the processes involved in decision-making should be fully transparent and beyond reproach.

Source: The Guardian March 21, 2021 18:47 UTC