Treasury faces fresh probe over Greensill

Chancellor Rishi Sunak was under fresh scrutiny last night over the design of the Government’s pandemic loan scheme that gave access to collapsed financier Greensill Capital. Greensill, which was advised by David Cameron and run by Lex Greensill, was accredited to provide loans of up to £50million to struggling firms under a multi-billion-pound taxpayer-backed emergency … Read more

Senior treasury officials ‘offered to change rules of Covid support scheme for Greensill Capital’

Senior treasury officials offered to try to redesign a coronavirus business support scheme to help David Cameron, it has emerged. It comes as the former Prime Minister has been embroiled in controversy over texts asking Chancellor Rishi Sunak to support his employer Greensill Capital. Top officials went on to try to find a way for … Read more

David Cameron ‘lobbied ANOTHER Tory Treasury minister for loans’ to Greensill

David Cameron ‘lobbied ANOTHER Tory Treasury minister for loans’ to rescue collapsed finance firm Greensill David Cameron ‘contacted financial secretary to the Treasury Jesse Norman’ Did so while trying to get access to chancellor Rishi Sunak, it has been claimed  Norman known to the PM, serving as Downing Street policy advisor from 2013  By Henry … Read more

Pernod Ricard rumoured to be mulling £5bn bid for Treasury Wine Estates

French drinks giant Pernod Ricard rumoured to be mulling £5bn bid for Penfolds distributor Treasury Wine Estates By Ben Harrington For The Mail On Sunday Published: 13:01 GMT, 7 March 2021 | Updated: 13:01 GMT, 7 March 2021 The owner of one of the most popular Australian wine brands sold in the UK could be … Read more

No-interest loan pilot from Treasury for hard-up borrowers

Treasury pledge to fund £3.8m no-interest loan pilot for hard-up borrowers ‘a step in the right direction’ say debt charities and lenders Scheme could help those who cannot afford to pay interest on loans  It is based on an Australian-style community lending scheme   Initiative was proposed by previous Chancellor Philip Hammond in 2018 As many … Read more

Treasury plans to reintroduce Lifetime Isa withdrawal penalty in April

Campaigners have reacted with dismay to the news the Treasury does not plan to reduce the Lifetime Isa withdrawal penalty for another 12 months. The news means aspiring first-time buyers will again be charged their own money from April to raid their house or retirement deposits if they run into financial difficulty and need to … Read more

Another boost for savers and Treasury: Natwest brings back divi

Natwest becomes latest bank to bring back its dividend – despite setting aside £3.2bn to cover bad loans and recording a £351m loss last year By Lucy White For The Daily Mail Published: 21:57 GMT, 19 February 2021 | Updated: 22:17 GMT, 19 February 2021 Change of direction: Natwest chief executive Alison Rose   Natwest … Read more

Treasury in Teesside is a ‘golden opportunity’ to level up the North

Treasury campus in ‘overlooked’ Teesside is a ‘golden opportunity’ to level up the North, say business leaders By Matt Oliver For The Daily Mail Published: 22:06 GMT, 17 February 2021 | Updated: 22:06 GMT, 17 February 2021 More than 100 business leaders have called for the Treasury’s new northern campus in ‘overlooked’ Teesside. In a … Read more

Bitter battle breaks out over plans for Treasury North

Row breaks out over Treasury’s plan to set up Northern base after top civil servants accused of ‘Yes, Minister’ style stitch-up Rishi Sunak has proposed moving 800 officials to the hub – dubbed Treasury North – with locations thought to include Leeds, Teesside and Newcastle  But top civil servants have been accused of trying to … Read more