Cameron ‘made $10m’ before Greensill collapsed as PM denies rift with chancellor – follow live

Cameron ‘made $10m’ before Greensill collapsed as PM denies rift with chancellor – follow live
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Today’s daily politics briefing

David Cameron is reported to have made more than £7m from his advisory role at Greensill Capital before it collapsed, piling more pressure on the government over the lobbying scandal.

The former prime minister used his influence to ask the government whether it would invest in Greensill, leading to a series of inquiries into his conduct after the company went into administration.

Emails seen by BBC Panorama allegedly show exchanges between the bank and Mr Cameron which detail the value of his shares. It is thought he made roughly $10m (£7.2m) for his 30 months of work at the company.

The former Tory leader’s spokesperson denied that he had earned “anything like” that figure, adding that he “deeply regrets” Greensill’s collapse.

Elsewhere, Boris Johnson’s team have downplayed rumours of a rift between him and the chancellor Rishi Sunak.

Over the weekend, it was reported that Boris Johnson was thinking of demoting Mr Sunak to health secretary in a cabinet reshuffle.

The prime minister’s spokesperson quelled such speculation on Tuesday, saying the pair had worked “in lockstep” throughout the pandemic and stressing there are no plans for a reshuffle.


No 10 quells speculation about rift between PM and Sunak

The prime minister has tried to quell rumours that a rift has developed between him and Rishi Sunak.

Over the weekend, it was reported that the chancellor would be demoted in a cabinet reshuffle.

This comes after Boris Johnson went “tonto” after a letter from the chancellor calling for travel restrictions to be eased was leaked to the press, according to the Sunday Times.

A No 10 spokesperson said the pair had worked closely together during the pandemic and would continue to do so.

“They have been in lockstep throughout this incredibly challenging period for the country,” they said.

Rory Sullivan10 August 2021 09:00

Cameron ‘made $10m’ from Greensill Capital

David Cameron is reported to have earned more than £7m ($10m) from Greensill Capital, before the bank collapsed.

Using his political connections, he lobbied the government to invest in the firm, leading to inquiries into his conduct.

Here’s Jon Stone with more details:

David Cameron made $10m from Greensill Capital before bank’s collapse

Labour blasts former prime minister’s earnings as ‘utterly ludicrous’ and says rules need to change

Rory Sullivan10 August 2021 08:42

Good morning, and welcome to The Independent’s live UK politics coverage.

Rory Sullivan10 August 2021 08:38