United Kingdom opens probe into lobbying by ex-PM Cameron

Outgoing British prime minister David Cameron waves after speaking outside 10 Downing Street in central London

The government has ordered an independent inquiry into the lobbying work by former Prime Minister David Cameron on behalf of the finance firm Greensill Capital, which has now gone into administration.

Mr Cameron has suffered mounting scrutiny over his efforts to get the company access to Covid loans - efforts which involved lobbying Chancellor Rishi Sunak and two other Treasury Ministers.

Labour said the government was trying to kick the issue into the long grass with its probe set to examine ex-PM David Cameron's role in lobbying government on behalf of the failed firm.

"I think most of the public find that very questionable, " Jenkin added.

The inquiry will be led by Nigel Boardman, a partner at the law firm Slaughter and May, who also sits on the Business Department's board.

Johnson is the leader of the Conservative Party, the same party Cameron represented when he led the nation.

The BBC's political editor Laura Kuenssberg says it is understood the review will not have legal powers, and is likely to come up with findings rather than recommendations. Sources close to the ex-PM said last night Mr Cameron himself was not casting blame on anyone.

Responding to the news, the Shadow Chancellor of the Duchy of Lancaster, who leads Labour's work on scrutinising cronyism in government, said: "This has all the hallmarks of another cover-up by the Conservatives".

The collapse has also put thousands of steelmaking jobs at risk across Britain because Greensill was the main backer for Liberty Steel, Britain's third-largest steel producer with nine sites across England, Scotland and Wales. Greensill was one of the company's key financial backers.

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According to newspaper reports, Cameron faced potential profits of millions of pounds through his share holdings in the firm.

He insisted he broke "no codes of conduct and no government rules", but having "reflected on this at length" accepted there were "lessons to be learnt".

"As a former prime minister, I accept that communications with government need to be done through only the most formal of channels, so there can be no room for misinterpretation", he added.

After leaving office, Cameron in turn became an adviser to Greensill's now-insolvent finance firm.

The British politician, businessman, and lobbyist conceded that it was a mistake to informally lobby ministers on behalf of the private bank set up in 2011 by Lex Greensill, who had worked for Cameron as an unpaid adviser in Downing Street during his tenure.

David Cameron was an enthusiastic champion of Greensill's pay product, Earnd, and met with various people to discuss its rollout across the NHS.

Dodds called for "a full, transparent and thorough investigation into the chain of events that saw Greensill awarded lucrative contracts. and the right to lend millions of pounds of government-backed Covid loans".

"Their value was nowhere near the amount speculated in the press", he said.

In response to one, the Chancellor said he had "pushed" officials to consider proposals which could have helped Greensill.

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