Greensill Capital
Debate between Ben Lake and Paul Scully(3 years, 6 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Paul Scully
May I respectfully suggest to the hon. Gentleman, through the Speaker, that if he wants the Chancellor to come to answer a question, he might ask a question that relates to the Treasury rather than one that comes under the British Business Bank, which is a responsibility of BEIS? As for the Chancellor, as I say, the system has worked. The hon. Gentleman may be touting his Opposition day debate tomorrow about wider things, but the Chancellor asked his officials to push for wider capital flows to be able to go through larger and smaller businesses, as we all wanted, and he rejected Greensill’s ask to try to change the CCFF scheme to involve banks including Greensill. That process worked.
Ben Lake (Ceredigion) (PC)
From a former Prime Minister texting Ministers in pursuit of his own financial interests to concerns over Russian state access to the other place, it is little wonder that questions have arisen as to the integrity of decision making in the UK. I acknowledge the Government’s commitment to investigate the Greensill debacle, but will they go further by implementing the Intelligence and Security Committee’s recommendations regarding undue influence in decision making, particularly in the practice of Lords for boards, to safeguard the transparency of our democratic decision making?
Paul Scully
The review specifically looks at supply chain finance and the discussions with Greensill. As I say, Nigel Boardman will do his work and report back at the end of June.