Greensill Capital Debate
Full Debate: Read Full DebateDepartment: Ministry of Housing, Communities and Local Government
Toby Perkins
Main Page: Toby Perkins (Labour - Chesterfield)Department Debates - View all Toby Perkins's debates with the Ministry of Housing, Communities and Local Government
Greensill Capital
Toby Perkins Excerpts(3 years, 10 months ago)
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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.
Mr Toby Perkins (Chesterfield) (Lab)
I have written to Ministers on behalf of businesses in Chesterfield—many other MPs have written too—and have waited months for a reply while a business was on the brink, yet Greensill gets 10 meetings in three months with Treasury officials, and the junior Minister has the audacity to stand there and say that this is a system working well. When David Cameron was the Prime Minister, he said corporate lobbying was
“money buying power, power fishing for money and a cosy club at the top making decisions in their own interest.”
He could not describe this grubby, shabby Government any better, could he?
Paul Scully
Treasury Ministers, like other Ministers, have had a number of meetings with lenders of all sorts, because as we heard earlier it is so important to have a diversity of lenders involved to create an understanding of their model and what support they can give. The accreditation itself was determined independently by the British Business Bank.