Article 5GYM8 David Cameron kept pushing Bank and Treasury to risk £20bn to help Greensill

David Cameron kept pushing Bank and Treasury to risk £20bn to help Greensill

by
Kalyeena Makortoff, Rajeev Syal and Jessica Elgot
from World news | The Guardian on (#5GYM8)

Former prime minister sent string of emails to Bank officials and argued firm should be a priority for Treasury funding

David Cameron repeatedly pushed the Bank of England and the Treasury to risk up to 20bn in taxpayer cash to help Greensill Capital, just as the lender started to face significant" financial pressure at the start of the pandemic.

The UK's central bank was urged to provide support to Greensill, including by setting up a fund that would buy loans made by the financial services company and its competitors, in a string of emails to senior officials.

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