Greensill Capital
Debate between Feryal Clark and Paul Scully(3 years, 8 months ago)
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Paul Scully
The review goes beyond the actions of one man in this matter, but it is important to remember that the Chancellor in particular rejected what Greensill actually wanted, so there is no case in that regard, because that was rejected out of hand.
Feryal Clark (Enfield North) (Lab) [V]
The public deserve answers. This is not the Prime Minister’s money, the Chancellor’s money or the Conservative party’s money; it is public money. Can the Minister explain why Greensill Capital met Treasury officials 10 times last summer, as my hon. Friend the Member for Chesterfield (Mr Perkins) said, when the most meetings any other coronavirus business interruption loan scheme lender secured with the Treasury was two? The vast majority of lenders did not even have any meetings with his Department.
Paul Scully
Lenders and businesses have had many, many meetings across Government without favour, to make sure that we can get that information to ensure a diversity of lenders and that we could flex. The various loan schemes were added to and amended along the way to make sure that we could take the temperature of exactly how that lending was or was not working.