Angela Eagle
Main Page: Angela Eagle (Labour - Wallasey)Department Debates - View all Angela Eagle's debates with the Cabinet Office
(3 years, 4 months ago)
Commons ChamberAfter 11 years in power, this Tory Government have ended up like all Tory Governments end up—mired in sleaze. What is different about the scandal confronting us today is the sheer scale of the larceny being practised on the public purse by the donors, friends and beneficiaries of the Tory party.
The Greensill scandal, which is egregious and shocking, is only the tip of a very large iceberg. We have seen £2 billion of pandemic procurement contracts given without competition to companies that have donated money directly to the Tory party; VIP procurement lines specifically designed for Tory mates and, if you are the Health Secretary, your local pub landlord; a clutch of senior Government appointments awarded directly without competition to relatives of serving Tory Ministers; and now the announcement of an inquiry laughably described as independent into the Greensill scandal, led by a man who is the son of a former Tory Cabinet Minister and sits on the board of the Department for Business, Energy and Industrial Strategy, which is responsible for the British Business Bank—it was the British Business Bank that gave Greensill Capital access to hundreds of millions of pounds of taxpayers’ money.
This is just not good enough. We urgently need an inquiry that has the power to call for witnesses and papers, take evidence in public and publish its findings. There are many questions we need answers to. Why was David Cameron allowed by serving Cabinet Ministers to lobby so ferociously in his own personal financial interest? Why was Greensill given such untrammelled access to senior civil servants at the height of the pandemic? How did the Chancellor push the team to be more accommodating to Greensill Capital?
Why was Greensill—an unregulated shadow bank with a toxic business model—allowed access to the coronavirus large business interruption loan scheme? Was that pushed by Ministers, senior bank officials or civil servants? If so, at whose request? Did Greensill then exceed its lending authority and put even more taxpayers’ money at risk? Why was Lex Greensill allowed to roam so freely across Whitehall, pushing his financial chicanery? And why on earth was the Government’s senior procurement official, responsible for £40 billion of public contracts, allowed by the Cabinet Office to work part time for Greensill while he was still in the civil service?
The stench is growing. Only the disinfectant of a fully transparent and independent inquiry will deal with it, and that is what the motion before us would create. If Tory Members vote the motion down, as they have the power to do, they should know that they will be voting to try to brush this scandal under the carpet and treating British taxpayers with contempt.