The Prime Minister chose a lawyer who was “not appropriate” to lead a review into lobbying around Greensill Capital, whose collapse could cost the taxpayer up to £5 billion, a former city minister has said.
Lord Myners, who served under Gordon Brown for two years, said he estimated that the Government could be on the hook for £3 billion to £5 billion because of the lender’s collapse.
Around £1 billion of this will be direct costs, while the remainder could come from a potential help for one of the UK’s main steel producers, which has been left reeling from Greensill’s collapse.
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Treasury official s time wasted on Greensill meetings – Lord Myners | Bradford Telegraph and Argus thetelegraphandargus.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetelegraphandargus.co.uk Daily Mail and Mail on Sunday newspapers.