Greensill Capital Debate
Full Debate: Read Full DebateDepartment: Ministry of Housing, Communities and Local Government
Wes Streeting
Main Page: Wes Streeting (Labour - Ilford North)Department Debates - View all Wes Streeting's debates with the Ministry of Housing, Communities and Local Government
Greensill Capital
Wes Streeting Excerpts(3 years, 8 months ago)
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Paul Scully
The Chancellor has published his text messages and there is a review that, rather than hiding, will go into the detail. As I said, all the parties involved have pledged their commitment to comply with that investigation, which will report back at the end of June.
Wes Streeting (Ilford North) (Lab)
The simple fact is that, again and again, Members from all parts of the House pleaded with the Chancellor to meet us to hear the plight of millions of people who were excluded from any Government support, and the Chancellor would never find the time for such a meeting; but a few texts from dodgy Dave, and Greensill has got 10 meetings and a ream of correspondence with senior Treasury officials—the type of access that most businesses in this country could only dream of. So I ask the Minister why it was that, in correspondence between Greensill and a senior Treasury official, they put in words:
“Whilst not using this precise phrasing, we have crafted a formulation both in substance and form which provides an even stronger political position.”
Why is a private company advising Treasury officials about political positioning; and does not this show that, despite his protestations, it is ludicrous that the Business Minister is here, not the Chancellor? If the Chancellor had nothing to fear, he would have nothing to hide and he would be here to answer the questions.
Paul Scully
I am afraid that in Government we have to deal with details, and that includes asking the right question in the first place. If a question is asked about a BEIS responsibility, I think it is fair and reasonable that a BEIS Minister should come here and answer it. However, I come back to the point that the hon. Gentleman can come up with all he likes about process, but what businesses want are outcomes, and that means capital flowing through those businesses. The outcome in this situation was that the Chancellor rejected such a proposal, but the detail that the hon. Gentleman talks about will be investigated by Nigel Boardman, and that review will be published by the end of June.