Page 34 - Nigel Boardman News Today

The Government’s links with collapsed finance firm Greensill Capital are to come under further scrutiny as ministers continue to face questions over David Cameron’s lobbying activities. The head of the watchdog which exposed the way the former head of government procurement was able to take a position as a part time adviser to the firm while still in Whitehall is to appear before MPs. Lord Pickles, the chairman of the Advisory Committee on Business Appointments (Acoba) will give evidence on...

The Greensill review by Slaughter & May lawyer Nigel Boardman is far too narrowly drawn.  It may get to the bottom of the role David Cameron and others played in the use of supply chain finance in government but ducks issues about policing fintech firms and the way in which they have fallen through the regulatory net. Economist John Kenneth Galbraith, in his classic work, The Great Crash, warned ‘Beware of the bezzle’ – hucksters riding the wave of booming markets, and Greensill fits tha...

Dont show me this message again✕ David Cameron has indicated he is prepared to give evidence to MPs on the Greensill lobbying scandal as the government continues to face questions over links to the now collapsed financial firm and the “revolving door” with businesses. It comes after the Treasury Select Committee announced on Wednesday it would mount an inquiry — separate to the one launched by Boris Johnson’s government — which is expected to investigate ministers’ responses to th...

Lobbying rules must be fully transparent Unless lobbying rules are revisited to ensure full openness, lobbying may indeed become "the next big scandal" 14 April 2021 • 9:30pm The word that no Prime Minister wishes to hear attached to his administration has surfaced once more in the House of Commons: sleaze. It is a convenient catch-all accusation that is deliberately designed to smear without necessarily needing proof of culpability. It was deployed by Sir Keir Starmer, the Labour leader, in ...

BBC News Published image copyrightReuters David Cameron has said he will "respond positively" to any requests from MPs for him to give evidence about Greensill Capital. The former prime minister has faced criticism for lobbying on behalf of the finance firm, which recently collapsed. It has sparked a wider row over private companies attempts to influence ministers and officials. The government has asked a senior lawyer to conduct a review into the issue and to report by the end of June. But on ...

WhatsApp WHEN SOMEONE claims to have found a new way to make money out of an old idea, it usually pays to treat them with suspicion. Greensill Capital, a now failed finance company, lent firms money secured against their invoices. This type of finance existed in ancient Mesopotamia. Lex Greensill, the business’s founder, updated it with some shiny new technology and what one early backer calls “homespun stories of growing up on a farm and seeing how late payments hurt his father”. Britain...

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By Press Association 2021 David Cameron makes a speech outside 10 Downing Street in London, before leaving for Buckingham Palace to resign as prime minister (PA) A powerful Commons committee will investigate the collapse of Greensill Capital and the way Rishi Sunak’s Treasury responded to lobbying for the firm by David Cameron. The announcement of an investigation by the cross-party Treasury Committee, which will officially launch next w...

A former Home Office boss has said he was “absolutely amazed” to learn a top civil servant was allowed to work as a part-time adviser at Greensill Capital while still in Whitehall and called for more scrutiny of Civil Service hires. Sir David Normington, who led the department for five years until 2011, said it is “essential” for the Advisory Committee on Business Appointments (Acoba), which scrutinises appointments of top civil servants when they leave Whitehall, to sign-off on new mov...

Boris Johnson today backed Lord Pickles after the government watchdog warned over a lack of boundaries in civil service links to business and said excuses are being used to avoid checks. The PM said he thoroughly agreed after the peer, head of the Advisory Committee on Business Appointments, delivered a damning assessment of the revolving door between Whitehall and the private sector. The former Cabinet minister said his eyebrows raised the full quarter-inch when it emerged procurement chief B...