Johnson in trouble because of Cameron and Greensill

14 April 20213 years ago babelfish

For British Prime Minister Boris Johnson, the fallout from the Greensill collapse came as a nasty surprise, especially given the financial group's ties between him and his predecessor David Cameron who was a rather active lobbyist. Now he risks having the press on his ribs.

The FT reports that Downing Street and the Cabinet Office have launched a wide-ranging investigation after acknowledging that there was "significant interest in this matter." That is, Cameron, with his Lobbying activity, has gone far, too far, involving party circles, ministers and officials. This will have very negative consequences for Boris Johnson, who hoped for an exit from the pandemic to completely restore his image.

In addition, opposition Labor Party leaders accused the Tories of launching yet another "cover-up" and said the party "cannot be trusted to mark its tasks once again."

Rachel Reeves, the shadow minister of the Labor opposition, said that "this is another attempt by the Conservative government to push this misbehavior into quicksand and hope that the British public will forget about it." She added:

"We need answers on Greensill now – this means that the protagonists of this patronage scandal like David Cameron, Rishi Sunak and Matt Hancock openly appear in front of parliament as soon as possible to answer questions."

The investigation conducted by Nigel Boardman will examine "the issues of supply chain financing and the role played by Greensill", along with "how contracts were secured". The formal “terms of reference” for the investigation were released on Monday. A further problem with these investigations stems from the fact that Greensill often included not only those of current customers, but also those of future, only potential customers, when assessing receivables that can be transferred by counterparties. So the impression you get is that the company was actually conducting a fraud by inflating its expected turnover. This would put Cameron, and therefore Johnson, in an even worse light.

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The article Johnson in trouble because of Cameron and Greensill comes from ScenariEconomici.it .

This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/johnson-nei-guai-a-causa-di-cameron-e-greensill/ on Wed, 14 Apr 2021 08:00:57 +0000.