UK Steel Production: Greensill Capital Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Sarah Olney
Main Page: Sarah Olney (Liberal Democrat - Richmond Park)Department Debates - View all Sarah Olney's debates with the Department for Business, Energy and Industrial Strategy
(3 years, 8 months ago)
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Kwasi Kwarteng
I commend my hon. Friend, who, only in his brief time as a Member of Parliament, has made a real impact on these discussions and in representing Redcar. I remember a Redcar that was represented by a Liberal Democrat precisely because of the closure of the SSI plant, and I am delighted to see that it is now represented by an excellent Conservative MP.
Sarah Olney (Richmond Park) (LD) [V]
The circumstances surrounding the collapse of Greensill Capital throw up a lot of questions about how decisions are being made regarding the use of public money to guarantee loans to struggling companies during the pandemic. It is important that Parliament has sight of those decisions to properly scrutinise them. On 12 November 2020, in response to a parliamentary question tabled by the shadow Minister for the Cabinet Office, the hon. Member for Leeds West (Rachel Reeves), a Department for Business, Energy and Industrial Strategy Minister said that the list of companies offered coronavirus business interruption loans would be published “in due course”. Does the Secretary of State agree that transparency is essential for effective scrutiny, and will he commit to publishing the list of companies that have received Government-backed loan support without delay?
Kwasi Kwarteng
I will certainly look into the hon. Lady’s request. This is something that has been brought to my attention and I will try to see if we can publish something soon.