Former British Prime Minister David Cameron is facing a probe into alleged efforts to lobby government ministers on behalf of the finance company Greensill Capital, which he joined in 2018 after leaving office. Cameron insists that he has not broken any government rules.
According to British journalist Andrew Pierce, the “earnest” rivalry that has been going on between Boris Johnson and David Cameron since Eton College is behind the prime minister’s recent inquiry into his pal’s apparent lobbying efforts.
What is the Inquiry About?
Cameron is being accused of lobbying for Greensill Capital, the firm he has been advising since 2018, while sending multiple text messages to Chancellor Rishi Sunak and other treasury ministers in a bid to convince them to give the firm access to a loan scheme: Covid Corporate Financing Facility (CCFF).
According to reports, this access would have brought Cameron “millions of pounds” through his position at the firm, but this proposal was rejected by the Treasury. In one of the emails to an unnamed Downing Street adviser, Cameron had allegedly said that it “seems nuts” not to include the company into the scheme.
Greensill Capital was eventually given access to another COVID support blueprint, the Coronavirus Large Business Interruption Loan Scheme (CLBILS), and its tens of millions of pounds set aside for loans. In March 2021, the company went into administration, laying off hundreds of workers. Before that, it lost its access to loans through CLBILS, Sky News reports, citing the company’s breach of the scheme’s rules.