Greensill Capital Debate
Full Debate: Read Full DebateDepartment: Ministry of Housing, Communities and Local Government
John Howell
Main Page: John Howell (Conservative - Henley)Department Debates - View all John Howell's debates with the Ministry of Housing, Communities and Local Government
Greensill Capital
John Howell Excerpts(3 years, 8 months ago)
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Paul Scully
The hon. Lady talks about two different things. There is a review into supply chain finance and the request from Greensill Capital, but there is also the wider view of how taxpayers’ money was spent when the Government were working about as close to real time as they will ever get to do. Business owners will understand the huge difference between the speed at which business and Government work. We will review how taxpayers’ money has been spent, but we will also make sure that, as my hon. Friend the Member for Redcar (Jacob Young) said, we chase people who have used Government grants and support inappropriately.
John Howell (Henley) (Con) [V]
Is it not true that the accreditation process that was used allowed a wide diversity of lenders to become accredited under the scheme in order to give more choice to borrowers, and that focus on the choices available to borrowers was crucial?
Paul Scully
My hon. Friend is absolutely right. The Chancellor and a number of Ministers reflected the view of the House that we wanted to push to make sure we had that diversity of finance and capital available to businesses of all different types. We should be proud of the support that has been given out, which has allowed companies to get through this incredibly difficult time, and it remains a difficult time.